Ribbon

RibbonCash Relaunched In Atlanta, Charlotte

Posted on by TMN Editor
Powerbuyer Ribbon, now owned by sale-leaseback platform EasyKnock, is reintroducing its all-cash offer product to Atlanta and Charlotte. RibbonCash offers temporary financing for cash offers, a powerful model during the housing boom that allowed it to expand to multiple states. But last year brought two rounds of serious staff cuts, with the company retaining only 30 employees by November 2022. It suspended new RibbonCash financing at that time as well. EasyKnock purchased Ribbon in May 2023, saying it would speed up the development of its buyer-seller marketplace, slated to launch later this year. The marketplace will connect sellers to both institutional and individual buyers, giving EasyKnock access to another sector of the housing market. It currently caters to existing homeowners.…

Divvy Homes Joins zavvie’s Brokerage Marketplace

Posted on by TMN Editor
Divvy Homes and zavvie have teamed up to bring Divvy’s rent-to-own program to zavvie’s expanded brokerage marketplace, the companies announced in a statement. Divvy Homes, a property-technology startup valued at $2 billion, provides a rent-to-own buying option to real estate brokers and agents. Through the program, buyers pay rent on a home to Divvy, part of which is put aside to save for a downpayment. When buyers have saved enough for a 10% downpayment, they can then buy the home from Divvy. The program is currently available in 16 major metros. “The path to homeownership is more challenging today than ever before,” said Divvy Homes Co-Founder and CEO Adena Hefets. “Divvy is leveling the playing field by accelerating one’s ability…