Applied Residential

Name

Applied Residential

Legal name

Applied Residential, Inc.

Website

https://appliedresidential.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Residential Lease Financing

NAICS

Mortgage and Nonmortgage Loan Brokers (522310), Lessors of Real Estate (5311)

SIC

Loan Brokers (6163), Asset-Backed Securities (6189)

akta.pro industry

PRIMARYFSAKAHAG

Real Estate / Property-Backed Marketplace Lending (Non-mortgage)

Financial & Insurance/Lending & Consumer Finance/Peer-to-Peer (P2P) & Marketplace Lending

SECONDARYFSAEAMAA

Mortgage & Loan Introducers (Residential & Commercial)

Financial & Insurance/Financial Advisory, Brokerage & Intermediation/Introducers, Finders & Referral Networks

Keywords

• Residential lease financing
• Lease option programs
• Lease backed mortgage
• Home refinancing programs
• Asset-backed investments

Headquarters

HQ city

Bellevue

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Trio Lease Payments: Residential leasing program generating recurring lease payments from lessees over 1-5 year lease terms
2. Option to Purchase Fees: Fees collected when lessees exercise their option to purchase the home during the lease term
3. LBAM Origination Fees: Fees from origination of Lease Backed Assumable Mortgages through partnership with originators and homebuilders
4. TrioGroup Asset Management: Investment alternatives in asset-backed yield through Trio Opportunity Fund (US) and Trio US Opportunity Fund (Canada), including mortgage securities investments through partnership with Brean Capital
5. TrioNext Program Fees: Fees from coordination of structured short sale programs with participating lenders and servicers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels3 records

Core offering

Applied Residential provides a suite of lease-based home financing programs under the Trio® brand, patterned after the automobile leasing model. The core offering is the Trio® residential leasing program, offering 1-5 year leases with an option to purchase at any point during the lease term, with credits and incentives accumulating toward ownership. The portfolio is complemented by TrioNext® for distressed homeowners needing refinancing alternatives, and the Lease Backed Assumable Mortgage® (LBAM®) for nearly qualified consumers, supported by an asset management platform (TrioGroup).

Product overview

Applied Residential offers a suite of lease-based home financing programs. The core product is Trio®, a residential leasing program patterned after the automobile leasing model that provides flexible 1-5 year leases with purchase options. This is complemented by TrioNext® for home re-financing and short sale coordination, and the Lease Backed Assumable Mortgage (LBAM®) for nearly-qualified consumers. The TrioGroup investment platform (in partnership with Fourwall Partners) manages Trio Opportunity Fund and REITs that invest in asset-backed residential securities. Programs are delivered through public-private partnerships including CalAHA and supported by financing from Brean Capital.

Differentiator

Problem solved

Functional benefit

Products and services

• Trio® Residential Leasing Program A lease-based home financing program offering flexible 1-5 year leases with an option to purchase at any time during the lease term, designed to bridge consumers into homeownership with credits and incentives accumulating along the way. For those not ready to purchase, it provides the stability of a long-term lease with characteristics of traditional homeownership. Targeted at first-time homebuyers and consumers who cannot qualify for traditional mortgages.
• TrioNext® Home Re-financing Program A home re-financing program that coordinates structured short sale programs with participating lenders and servicers to help families keep their homes when they do not qualify for traditional refinancing or modification options. Includes a follow-on lease that gives consumers the option (not obligation) to repurchase the home at a later date, preserving credit impacts and stabilizing neighborhoods.
• Lease Backed Assumable Mortgage® (LBAM®) / Own Option™ Mortgage An assumable conventional mortgage originated to an institutional borrower that contains a one-time assumption feature under consumer-based rates and terms. Combined with a Trio® Own Option™ lease, it delivers new originations and bridges nearly qualified consumers into responsible homeownership. Marketed to consumers under the brand name Own Option™ Mortgage.
• TrioGroup Asset Management Platform (Trio Opportunity Fund / Trio US Opportunity Fund) A multi-disciplined asset management group (partnership between Applied Residential and Canadian-based Fourwall Partners) that delivers investment alternatives to institutional and retail investors in the United States (Trio Opportunity Fund) and Canada (Trio US Opportunity Fund). Focuses on asset-backed yield through investments in equities of newly built single-family homes and residential mortgage securities generated from the Trio program via the Brean Capital partnership.

Quantifiable outcome

• 100% of lessees converted to successful owners in 18-36 month lease terms
• +2 more outcomes

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Four partnerships are on record, tiered historical, core and flagship.

• Fannie MaehistoricalStrategic or Co-development Partner · 1 January 2001Early pilot program with Fannie Mae for the first scattered site single-family lease option program, providing bridge financing for first-time homebuyers seeking homeownership.
• Fourwall PartnerscoreStrategic or Co-development PartnerCanadian-based Fourwall Partners partnered with Applied Residential under the name TrioGroup, a multi-disciplined asset management group delivering investment alternatives to institutional and retail investors in US and Canada with focus on asset-backed yield.
• California Affordable Housing Agency (CalAHA)flagshipStrategic or Co-development PartnerCalAHA partnered with Applied Residential beginning on the West Coast to deliver much needed home financing for hard-hit communities through structured financings including municipal bond issuances and LBAM programs.
• Homebuilders (Unnamed Major US Homebuilders)coreChannel Partner/ Reseller/ DistributorStrategic relationships with several of the USA's largest homebuilders for distribution of LBAM product and Trio lease financing programs to new home purchasers.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Market position

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/applied-residential-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Applied Residential