“The fact that this offer was surplus is a powerful approval of the knock-bridge loan as a stable, reliable investment,” said Sean Black, co-founder and CEO of Knock, in a statement. “Access to the bond market not only reinforces the trust of investors in our model, but also opens a new capital channel that we intend to keep using as we expand capacity and make the Knock Bridge loan available to more national lenders.”
The bond issue of $ 100 million will only be used to finance Knock’s Bridge Loan products. Given the short duration of the assets and the rotating nature of the transaction, the issue will offer around $ 900 million in rotating capacity for two years and help with the expansion of the Knock Bridge loan.
The Brug loan gives homeowners access to equity in their current home to make a non-continent offer on their next, while everything from a down payment to debts, home preparation and six months of mortgage payments on their current home.
Knock announced in June that his bridge loan product will be integrated into the lender’s application process at Baltimore NFM Lending.
Knock also announced an increase in its maximum bridge loan to $ 1 million, for the previous $ 750,000 limit, which was designed to expand the purchasing power for home buyers in more expensive markets such as California and Washington.
Knock was founded in 2015 and is currently available in 32 states and the District of Columbia. The company saw an increase of 126% on an annual basis of funded loans from July 2024 to July 2025, reported this on Tuesday.
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