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 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's offering was oversubscribed, signaling investor endorsement of the Knock Bridge Loan as a stable, reliable investment. The company issued $100 million in bonds to fund its bridge loan products and open a new capital channel. The issuance will provide roughly $900 million in revolving capacity over two years and support expansion of the bridge loan. The bridge loan lets homeowners access equity to make non-contingent offers and covers down payments, debt payoff, home prep, and six months of mortgage payments. The product is being integrated into NFM Lending's application process and the maximum loan amount rose to $1 million to expand purchasing power in higher-priced markets. Knock operates in 32 states and the District of Columbia and reported a 126% year-over-year increase in funded loans from July 2024 to July 2025.

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