Residential Sale-Leaseback for Milwaukee Homeowners
SKYDAN Equity Partners offers qualified Milwaukee homeowners a residential sale-leaseback option for accessing a portion of their home equity while continuing to live in the property.
With our program, qualified homeowners sell their property to SKYDAN and continue living in the home under a lease agreement.
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Unlock Your Home’s Equity in Milwaukee, WI with a Sale-Leaseback
or Milwaukee homeowners with significant equity who are considering alternatives to traditional home financing, SKYDAN Equity Partners offers a residential sale-leaseback program that allows you to access a portion of your home equity while continuing to live in the property.
From Bay View and Riverwest to Washington Heights and the East Side, Milwaukee homeowners take pride in their homes and the city they love.
Through SKYDAN’s residential sale-leaseback program, qualified homeowners sell their property to SKYDAN and continue living in the home under a lease agreement. Remaining sale proceeds may be available in as little as 30 days, depending on the transaction and closing process. Rent is deferred according to the lease terms.
Under the transaction documents, homeowners may have the contractual option to repurchase the property or, if the property is later sold to a third party, receive any remaining sale proceeds after the amounts specified in the agreement are paid.
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How the SKYDAN Sale-Leaseback Program Works
SKYDAN’s program is structured as a residential real estate sale and leaseback. Here’s how the process works:
We buy your Milwaukee home.
SKYDAN purchases your home. At closing, applicable mortgage balances, liens, closing costs, and other amounts payable against the property are deducted from the seller’s sale proceeds. The remaining proceeds are distributed to the seller.
You stay right where you are.
Continue living in the property under a lease agreement for up to two years. Rent is deferred according to the terms of the lease.
You choose your next step.
Under the terms of your agreement, you may have the contractual option to repurchase the property. If you do not repurchase and the property is sold to a third party, you may receive remaining sale proceeds after the amounts specified in the agreement are paid.
Cash in as little as 30 days
No traditional income or employment verification
No monthly rent payments
Contractual option to repurchase
Another Way to Access Your Home’s Equity in Milwaukee
Most homeowners considering how to access their home equity look first at refinancing, home equity loans, HELOCs, or selling their property. SKYDAN’s Residential Sale-Leaseback Program provides another option.
Qualified homeowners sell their property to SKYDAN and continue living in the home under a lease agreement. You can access a portion of the equity you have built in your home, stay in place for up to two years, and determine your next step based on the contractual options available under your agreement.
This approach provides access to a portion of your home equity while allowing you to continue living in your Milwaukee home under a lease.
Benefits of SKYDAN’s Sale-Leaseback Program
SKYDAN’s sale-leaseback program gives qualified Milwaukee homeowners another way to make use of the value built in their homes.
Use available sale proceeds toward the purchase of your next home, giving you time to plan your move without having to sell and relocate at the same time.
A residential sale-leaseback provides a different structure for homeowners evaluating ways to access home equity. With SKYDAN, the property is sold to SKYDAN and the former homeowner remains in the property under a lease agreement.
Applicable mortgage balances, liens, and other amounts payable against the property are addressed through the closing process.
Properties in foreclosure, at risk of loss for unpaid property taxes, or with certain delinquent property-secured obligations may not qualify. Eligibility is subject to SKYDAN program requirements and applicable law.
Bankruptcy can affect a homeowner’s ability to complete a real estate transaction. Applicants with a current or recent bankruptcy may require additional review, and applicable trustee, court, or other approvals may be required before a transaction can proceed.
Why Milwaukee Homeowners Choose SKYDAN
SKYDAN offers Milwaukee-area homeowners a real estate transaction that works differently from traditional home financing.
The program may be worth considering for homeowners who:
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Have substantial equity in their home.
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Want to access a portion of the value built in their home.
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Want to continue living in their home after the property sale.
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Are considering a residential sale-leaseback as an alternative to refinancing or a home equity product.
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Want contractual options for what happens at the end of the lease term.
SKYDAN is a real estate investment firm that purchases qualifying properties and leases them back to the former homeowners under the terms of a residential lease agreement.
SKYDAN serves qualified homeowners throughout Milwaukee County, the greater Milwaukee area, and across Wisconsin.
Who Qualifies for the SKYDAN Program in Milwaukee
Qualification is based on the property, available equity, SKYDAN program requirements, and applicable eligibility criteria.
Homeowner and Property Requirements:
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Qualification does not rely on traditional lender credit-score or income requirements.
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Owner-occupied single-family home or townhome.
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Typically 50% equity or more, with exceptions possible depending on the transaction.
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Appraised value of at least $125,000.
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Property and applicant must meet applicable SKYDAN program and state eligibility requirements.
Ineligible Properties:
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Non-owner-occupied homes.
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Commercial properties.
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Agricultural properties.
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Manufactured homes.
Properties in foreclosure, at risk of loss for unpaid property taxes, or with certain delinquent property-secured obligations may also be ineligible.
If your property is in Milwaukee or nearby communities such as Wauwatosa, West Allis, Shorewood, or Greenfield, SKYDAN can review your property information to determine whether you may qualify.
SKYDAN proudly serves qualified homeowners throughout Milwaukee County, the greater Milwaukee area, and across Wisconsin.
Get Started with SKYDAN Equity Partners in Milwaukee, WI
See how much home equity may be available through a residential sale-leaseback. Complete our qualification form to find out whether your property may be eligible for SKYDAN’s program.
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An Alternative to Traditional Financing
SKYDAN Equity Partners offers a residential sale-leaseback for qualified homeowners who want to access a portion of the value built in their home while continuing to live in the property.
The property is sold to SKYDAN, and the former homeowner continues living in the property under a lease agreement. Qualification is based on the property, available equity, program requirements, and applicable eligibility criteria.
SKYDAN is a real estate investment firm that purchases qualifying residential properties.