Splitero expands home equity solutions into Arizona
Splitero, the financial technology company that provides homeowners better options to access home equity, announced today that it has expanded into Arizona. This expansion is driven by Arizona’s robust home equity and housing market. Fifty percent of mortgage holders are equity-rich in Arizona, and there is a growing need for better home equity solutions.
“Arizona is a dynamic real estate market, and homeowners need better solutions to leverage their home equity without selling or moving,” said CEO and Founder Michael Gifford. “Splitero addresses this need and perfectly aligns with the financial goals of Arizona homeowners. Expanding into Arizona marks an exciting new chapter for Splitero!”
There is now a record-breaking $11.5 trillion of accessible home equity in the US. In 2024 lenders originated about 671,000 new HELOCs, totaling almost $105 billion, according to National Mortgage Professional. These traditional financial products have burdensome qualification requirements and monthly payments that are subject to interest rates. Splitero makes it easier for homeowners to access their home equity through Home Equity Investments with no income requirements to pre-qualify, no monthly payments, and no new debt.
“Over half of homeowners in Arizona are equity-rich, meaning the total outstanding loan balances on their properties are no more than half of their market value,” said Gifford. “By providing homeowners with a lump-sum of cash in exchange for a share of their home’s future value, Splitero enables homeowners to use their home equity to better their lives.”
Splitero currently operates in California, Colorado, Oregon, Utah, Washington, and now Arizona with plans to expand into additional states in 2025. Splitero recently secured a $300 million strategic investment from funds managed by Antarctica Capital to provide even more homeowners access to their home equity.
Home Equity Investments (HEIs) allow homeowners to use their home equity to better their lives by paying off debt, renovating a home, or using their equity to achieve financial goals without selling their home or refinancing a low-interest rate mortgage. Splitero’s innovative Maturity Match™ aligns homeowners’ HEI term length with their remaining senior mortgage timeline so they don’t have to repurchase their HEI option before paying off their mortgage. Homeowners can repurchase anytime within their term without penalty, giving them the flexibility to repurchase at their convenience.
Menlo Business Brokerage expands with new vice president
Menlo Business Brokerage is excited to welcome Jake Taylor as Vice President of Business Sales. In this role, Taylor will provide expert support to business owners and operators in Arizona and nationwide, guiding them in extracting the true value their companies offer. As he starts his tenure, he will empower primarily blue-collar and construction business owners through tailored exit strategies.
“I’m thrilled to join Menlo because of the team’s unique ability to not only efficiently value businesses but also to leverage that value across all buyer subsets with precision,” Taylor said. “Crafting an environment where buyers compete is what sets Menlo apart and achieves that ‘wow’ factor we all strive towards.”
Taylor brings a deep commitment to his clients’ success, specializing in valuing, marketing, and selling businesses. His breadth of expertise will be an asset to the fast-growing Menlo Business Brokerage team as it continues to serve a diverse range of industries.
Prior to joining Menlo Business Brokerage, Taylor spent 24 years in the residential mortgage industry. He funded nearly one thousand loans as a licensed mortgage broker and loan officer, making him a seasoned transactional expert. He also holds a Bachelor of Arts degree in Spanish from Arizona State University and is a proud U.S. Army Veteran.
“Jake’s extensive experience and dedication to client success make him a valuable addition to our team,” said Tanner Milne, MBA, SIOR, CCIM, one of the Co-Founders of Menlo Business Brokerage. “His expertise and hands-on approach will bring significant value to clients as they plan their business transitions.”
Taylor is the latest business sales advisor to join Menlo Business Brokerage. Menlo was founded in 2008 to assist Phoenix-area business and property owners in the acquisition, leasing and sale of commercial real estate. In 2014, Menlo Dental Transitions began selling dental practices, quickly becoming the largest practice brokerage in Arizona before expanding nationwide. Menlo Business Brokerage now encompasses business transactions across various industries in all parts of the country. The firm prides itself on client satisfaction through adherence to its core values and unique processes.
“I’m passionate about assisting business owners discover the true value their business offers to different buyer types while refining an exit or transition strategy that accommodates their preferred move, either into retirement or the next business play,” Taylor said. “Empowering owners with the understanding of the wide-reaching options available to them is truly gratifying.”
Arizona REALTORS announces 2025 executive committee
The Arizona REALTORS®, the largest trade association in Arizona representing more than 54,000 Arizona REALTORS®, installed its 2025 state and local Association officers at its annual Leadership Conference held at the DoubleTree Resort in Scottsdale, Ariz.
Sulinda “Sindy” Ready, from RE/MAX Excalibur in Scottsdale, is set to become President of the Arizona REALTORS® for 2025. Ready will be joined by Lisa Paffrath, 2025 president-elect from Better Homes and Gardens Real Estate Grand View North in Flagstaff; Shane Cook, 2025 first vice president from eXp Realty in Chandler; and Paul Baker, 2025 treasurer from RE/MAX Fine Properties in Scottsdale.
As members of the Arizona REALTORS® 2025 Executive Committee these individuals will utilize their expertise, experience, and leadership abilities to mentor REALTOR® professionals across all sectors of the real estate industry including residential, commercial, property management, land, appraisal, relocation and more.
“As the 2025 President of the Arizona REALTORS®, I am truly honored to serve our members and our industry during these transformative times. Our primary initiatives will center on enhancing education and improving communication amongst both our members and consumers, underscoring the vital role that professional REALTORS® play in what is often the largest transaction of a person’s life,” says Ready. “Additionally, our advocacy team will remain steadfast in fighting for homeownership and private property rights for both REALTORS® and the clients they serve. REALTORS® are essential pillars of communities throughout Arizona, dedicated to making a difference!”
Ready has more than 25 years of experience in the real estate industry and previously served as president of the Scottsdale Area Association of REALTORS® in 2020, national president of the Women’s Council of REALTORS® in 2015, and executive committee member for the National Association of REALTORS® (NAR) in the 2022-2023 term. Additionally, Ready has served as a member of the Arizona REALTORS® Professional & Business Development, Business Technology & Communications, and RAPAC Trustees committees. In recognition of her outstanding contributions, Ready was honored with the Tyler Strout Vision Award in 2015, which recognizes a real estate practitioner who elevates the profile of REALTORS® in the community and exemplifies the Association’s vision of the best prepared real estate practitioner with the highest standards.
Paffrath is a past president of the Northern Arizona Association of REALTORS®, a former chair of the Arizona REALTORS® Risk Management Committee, and a graduate of the NAR Leadership Academy. Paffrath is also a previous honoree of the Tyler Strout Vision Award.
Cook has held leadership roles in the West and Southeast REALTORS® of the Valley and currently served as a director and committee member on the NAR Consumer Communications Committee as well as a member of the Business Technology & Communications Committee and the REALTORS® of Arizona Political Action Committee.
Baker has been in the industry for more than 37 years. During that time, he has served as a board member and chair of the Arizona REALTORS Legislative & Political Affairs Committee. He is an alumni of the Scottsdale Area Association’s leadership academy where he also served as treasurer and a member of the political action committee and the member relief committee.
For more information, please visit www.aaronline.com.
Meadows Bank ranks in Top 20 nationally
Meadows Bank has achieved multiple significant milestones in its commitment to supporting small businesses across the region and nation. The U.S. Small Business Administration (SBA) has ranked Meadows Bank the 16th SBA 504 Lender nationwide for the fiscal year ending September 30, 2024. Additionally, the bank has been named the No. 1 SBA 504 Lender in Nevada and No. 2 in Utah for fiscal year 2024.
These achievements underscore Meadows Bank’s dedication to fostering economic growth and job creation through its continued participation in SBA lending programs, particularly the SBA 504 loan program. This program provides small businesses with long-term, fixed-rate financing for major fixed assets that promote business growth, supporting local economies and entrepreneurship.
“We are incredibly proud of these accomplishments,” said Cal Regan, President, Small Business Lending Division at Meadows Bank. “Our strong national ranking, along with our top positions in Nevada and Utah, reflect our commitment to supporting small businesses, which are the backbone of our local and national economies. By leveraging SBA programs, we’ve been able to provide crucial financing that helps businesses expand, create jobs, and drive economic development in our communities.”
Meadows Bank’s success in SBA lending is attributed to its experienced team of lending professionals and their deep understanding of the unique needs of small businesses in Nevada, Utah, and across the nation. The bank’s commitment to these programs has resulted in millions of dollars in financing for small businesses across various industries.
“These achievements are a testament to our team’s hard work and our bank’s mission to serve our local communities,” added Regan. “We remain committed to building on this success and continuing to serve as a trusted financial partner for small businesses throughout our region and beyond.”
For more information about Meadows Bank’s SBA lending programs, please visit www.meadowsbank.bank.
