Lease-Options have moved from Main Street to Wall Street with former Goldman Sach’s Executives raising hundreds of millions in capital to finance lease options for approved candidates through their new company Home Partners. With scheduled rent and sale price increases in the contracts, participants know the cost and can walk away without a penalty should they choose. With $500 million in equity and expanding partnerships, look for this lease-option competitor to come to a community, primarily larger urban/suburban communities, soon!
For more information see Rent-to-Own Homes Make a Comeback, WSJ 7/29/15 (subscription may be required)
