Licensing.

Barastone’s legal entity and licence details, published here and kept current.

Regulatory identity

Issued by the California Department of Real Estate. Verify this licence on the California DRE register.

Legal entity: Barastone, Inc.
Licence type: Corporation
Licence number: 02041750
Status: Licensed
Issued: 25 July 2017
Expires: 24 July 2029
Registered office: 809 Laurel St #952, San Carlos, CA 94070
Designated officer: Peter Frankel Jr (licence 01042278)
Disciplinary actions: None on record

Record read 8 September 2026

The states in which Barastone writes Home Equity Agreements are not listed here yet. A corporation licence in one state is not the same fact as that footprint, and the two are not being conflated.

What this licence covers

A corporation licence held by Barastone, Inc. The entity is licensed and in good standing with no disciplinary action on record, and the licence can be verified on the register using the number above.

It does not set out where Home Equity Agreements may be offered, and it is not a licence held by any Platform Partner. Most trade and service partners need no licence to participate. Partners who hold a mortgage, real-estate, advisory or insurance licence participate under the neutrality and disclosure terms in their agreement.

Who does the regulated work

Barastone. Application intake, property valuation, investment review, consumer disclosures, closing and servicing all happen on Barastone’s platform. A Platform Partner never takes an application and never collects, stores or transmits homeowner financial data.

Important disclosures

A Home Equity Agreement is a purchase of a partial interest in the future value of your property. You will not make monthly payments. The capital provider's return is determined by a Settlement Multiplier applied to your home's value at settlement — unlike a loan, no interest accrues and there is no fixed repayment obligation. Settlement is required by end of Investment Period. Your settlement amount may be more or less than the investment proceeds you received; in a high-appreciation scenario, the effective cost may substantially exceed a comparable home equity loan or line of credit. A security interest will be recorded against your property, which may affect your ability to refinance. Barastone is not a mortgage lender except as required by applicable state law. State-specific requirements apply in Maryland, Connecticut, Illinois, Massachusetts, Washington, Georgia, and may apply in California. Texas: this Agreement is a Property Rights Purchase, not a Section 50(a)(6) home equity loan. Consult independent legal, financial, and tax advisors.