Knock closes $100M securitization, says it’s reached profitability
“The fact that this offering was oversubscribed is a powerful endorsement of the Knock Bridge Loan as a stable, reliable investment,” Sean Black, co-founder and CEO of Knock, said in a statement. “Accessing the bond market not only reinforces investor confidence in our model, but also opens up a new channel of capital we plan to continue tapping into as we expand capacity and make the Knock Bridge Loan available to more lenders nationwide.”
The $100 million bond issuance will be used exclusively to fund Knock’s bridge loan products. Given the short duration of the assets and the revolving nature of the transaction, the issuance will provide approximately $900 million in revolving capacity over two years and aid in the expansion of the Knock bridge loan.
The bridge loan gives homeowners access to the equity in their current home to make a non-contingent offer on their next one, while covering everything from a down payment to debt payoff, home prep and six months of mortgage payments on their current home.
Knock announced in June that its bridge loan product is being integrated into the borrower application process at Baltimore-based NFM Lending.
Knock also announced an increase of its maximum bridge loan amount to $1 million, up fro the previous limit of $750,000, which is designed to expand purchasing power for homebuyers in higher-priced markets like California and Washington.
Founded in 2015, Knock is currently available in 32 states and the District of Columbia. The company saw a 126% year-over-year increase in funded loans from July 2024 to July 2025, it reported Tuesday.
