United Franchise Group Introduces New Financing Option

New Rex Agreement Allows Franchisees to Turn Home Equity into Business Equity

West Palm Beach, FL (PRWEB) February 25, 2013 - The United Franchise Group (UFG), the global leader for entrepreneurs, announced today an agreement with FirstREX to make FirstREX’s home equity-based business funding available to current and future franchisees. This innovative product, the REX Agreement, allows homeowners to convert a portion of their home equity to cash to invest in a business without additional debt.

“The REX Agreement fills an important niche in franchise financing, and will be a significant addition to the variety of financing options we currently offer” said Ray Titus, CEO of United Franchise Group. “Prospective and existing franchisees who have significant home equity now have a way to convert some of that asset into an investment in their business without interest or payments.” “Often franchisees use a combination of funding strategies to obtain financing, including loans, leases and lines of credit. The REX Agreement can help prospective franchisees obtain the initial owner equity that lenders require for them to get into their own business.” says Titus.

Under a REX Agreement, FirstREX will make an equity investment in an individual residential property. The company will pay the homeowner up to 12.5% of the value of the home. There is no interest and the homeowner makes no monthly payments to FirstREX. Instead, the company earns a return on its investment when the home is eventually sold, up to 30 years in the future. If the home has increased in value, the company earns a profit. If the home has decreased in value, FirstREX typically shares the loss.

“We are delighted to be working with UFG to bring the REX Agreement to franchisees,” says James Riccitelli, Co-CEO of FirstREX. “Many potential franchisees and existing franchisees have limited access to capital but possess considerable home equity. Our solution makes that asset available for business investment - in essence turning home equity into business equity,” says Riccitelli.

About the United Franchise Group (UFG)

The United Franchise Group is the Global Leader for Entrepreneurs, consisting of a number of award-winning business-to-business brands and franchise development services including some of the world’s largest industry-leading names. The experts at UFG have used their over 25 years of franchising experience to grow the franchising giant into a $500 million dollar success story with approximately 1,400 franchise locations in 50 countries. The company includes franchise industry giants SIGNARAMA, the world’s largest sign franchise; EmbroidMe, the world’s largest embroidery franchise; IZON Global Media/Billboard Connection, an incredibly successful out-of-home advertising franchise; Transworld Business Advisors, for people to research business opportunities before investing, Plan Ahead Events, a home-based corporate event planning franchise and SuperGreen Solutions, a premium one-stop retail location for energy efficient products. Information on franchising opportunities is available at 561-640-5570 or the web at http://www.unitedfranchisegroup.com.

About FirstREX

Founded in 2004, FirstREX provides homeowners and home buyers with smart new financing alternatives to home equity loans and mortgages. Neither a lender nor a bank, FirstREX makes long term investments in individual residential properties through two highly innovative consumer equity sharing products, REX HomeBuyer, which helps people purchase homes, and the REX Agreement, which allows current homeowners to tap their home equity without interest or monthly payments. FirstREX’s consumer solutions have earned national recognition from prominent newspapers and magazines including the Wall Street Journal, Business Week and the New York Times. More information is available at http://www.1REX.com.


Mary Mills



comments powered by Disqus

Franchise News Room »

News By Industry »

Featured Opportunities

ZIPS Dry Cleaners
ZIPS, since 1996, began as eight dry cleaners in the Baltimore-Washington, D.C., metro area and has grown to more than 40 stores. Find out more.
uBreakiFix is a consumer electronics repair company based out of Orlando, FL that specializes in refurbishing and restoring smartphones, tablets,...
Kona Ice
We have a question for you. What determines the success of a franchise? Is it luck? Coincidence? Kona Ice was ranked #1 New Franchise in Entrepreneur...
Smoothie Factory
Are you interested in a health conscious franchise opportunity in a growing smoothie industry that does over $2 billion in annual sales in the United...
Jimmy John's Gourmet Sandwiches
One of the fastest growing franchises in the U.S., Jimmy John’s has been making fresh, fast, tasty sandwiches since 1983.
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.