Unlock Technologies Completes Record $404 Million Home Equity Agreement Securitization

New updates have been reported about Unlock Technologies.

Unlock Technologies has closed its largest home equity agreement (HEA) securitization to date, underscoring both investor appetite for the asset class and the company’s growing scale in home-equity-based fintech. The transaction, Unlock HEA Trust 2025-3, securitized $403.9 million of HEAs originated and managed by Unlock and represents the company’s third HEA securitization in 2025 and seventh overall. According to the company, this deal is the largest HEA securitization completed in the market so far, measured by both the size of the offered notes and the underlying origination volume, positioning Unlock as a leading platform in this emerging financing category for homeowners.

The deal was issued and sponsored by D2 Asset Management and structured into $252.5 million of Class A notes rated A(low), $63.3 million of Class B notes rated BBB(low), and $72.6 million of Class C notes rated BB(low) by Morningstar DBRS, along with $15.5 million of unrated Class D securities. Unlock’s chief capital officer, Peter Silberstein, said closing a transaction above $400 million caps a “defining year” for HEAs, with investor demand at record levels and homeowners increasingly seeking non-traditional ways to access home equity without monthly payments. For D2, this was its first securitization as issuer and sponsor, further solidifying its strategic alignment with Unlock and its commitment to the HEA asset class. The transaction, which closed on December 18 with Jefferies as lead structuring and placement agent and Texas Capital Securities and Korea Investment & Securities America as co-placement agents, expands Unlock’s access to capital markets, supports continued origination growth, and sets a higher volume benchmark heading into 2026. Founded in 2020 and based in Tempe, Arizona, Unlock plans to leverage this securitization momentum to scale its HEA offering and broaden liquidity solutions for homeowners, while remaining subject to market, credit, and structural risks highlighted in its forward-looking statements.