The SKYDAN Equity Program
The homeowners agree to lease the home back from SKYDAN in the agreed amount for a period of time but not to exceed two years. The rent is deferred (no monthly payments) and to be paid at the end of the agreement. At maturity, the homeowner has two options: 1. purchase the home back from SKYDAN at the agreed price (original purchase price + deferred rent), or 2. Selling the property with the homeowner receiving any value over the agreed amount due to SKYDAN.
SKYDAN’s program allows homeowners to easily tap into their home equity without the approval restrictions and monthly payment plans and associated interest obligations that a traditional bank loan or home equity line of credit (HELOC) carries.
With a traditional bank loan, consumers must go through a FICO-based credit approval process and, if approved, borrow the equivalent amount of money and pay the bank back with interest monthly for the privilege. This is what homeowners face every day and their wealth ends up tied up in their homes while debt piles up.
Accessing that home-equity wealth to help consumers is SKYDAN’s mission. We provide an easy alternative to traditional bank borrowing against the home through equity refinancing, home equity loans, or home equity lines of credit (HELOCs).
James D. Stillo
President and Chief Executive Officer
James is a successful real estate entrepreneur with over 28 years of experience. He is a professional in helping clients with their needs in all aspects of real estate, including brokerage, investments, management and development and homeowner equity programs. He is the founder and principal of the SKYDAN Group, including SKYDAN Equity Partners. Realizing there was a need to help many clients who needed an alternative to traditional home financing, he started the SKYDAN Equity Program as an invaluable way to help these clients leverage their best asset and get back on their feet.
Senior Vice President, Marketing, Sales and Consumer Affairs
Since 1991, Brandon has helped individuals and families take that next step in their lives by serving his local communities as a Real Estate Broker. This also includes a total of over 35 years in the customer service industry. Throughout the years in business, Brandon has served on many various boards, including real estate, nonprofit and church organizations. With his strong attention to detail, Brandon communicates on a personal level to help guide his clients through the transaction process.
Senior Operating Officer and CFO
James has over 28 years of experience and takes great pride in finding optimal financial solutions for clients. He has demonstrated success in real estate investments, consumer credit and lending for both top-tier (Fortune 100) financial services organizations and entrepreneurial start-up organizations. James has had tremendous success not only helping clients meet their financial goals, he also finds the the capital needed to help handle life’s events that come their way. He has an MBA from DePaul University, Bachelors of Science from Northern Illinois University and is a retired CPA.
Senior Vice President Business Development
John works in the real estate brokerage industry as both a mortgage banker and a real estate broker. His industry experience in real estate dates back to 1991 where he first started in residential and commercial real estate sales. In 2010 John joined a local community bank where he currently works with helping individuals secure residential mortgages for single family homes, condos, and 2-4 unit properties.