QuantmRE

QuantmRE

Early Stage

Get cash from home equity with no monthly payments, no interest, no added debt.

Get cash from home equity with no monthly payments, no interest, no added debt.

Overview

Raised to Date: Raised: $181,144

Total Commitments ($USD)

Platform

Republic

Start Date

05/14/2020

Close Date

09/29/2020

Min. Goal
$25,000
Max. Goal
$1,070,000
Min. Investment

$100

Security Type

SAFE

Series

Seed

SEC Filing Type

RegCF    Open SEC Filing

Valuation Cap

$8,000,000

Discount

20%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

10/03/2020

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$1,313

# of Investors

637

Momentum
Funded
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Year Founded

2017

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

Location

Newport Beach, California

Business Type

Growth

QuantmRE, with a valuation cap of $8 million, is raising funds on Republic. The real estate finance platform allows homeowners to access their home equity and get cash from it without any interest, monthly payments, or added debt. QuantmRE originates and funds a Home Equity Agreement, which is an equity-based solution and not a reverse mortgage, loan, or line of credit. QuantmRE was founded by Matthew Sullivan and Dave Sterlitz in December 2017 and has already raised $1.8 million in seed capital. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $1,070,000, and the funds will be used to increase the sales and marketing efforts, continue the development of its Home Equity Agreement trading platform, and fund general working capital. QuantmRE has already provided $1.5 million to homeowners in the past three months, with over $3.5 million in the pipeline. The solution will support many families that need funds during the current unfortunate times.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$8,006

$5

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-414,626

$-1,485,829

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$21,166

$159,816

Accounts Receivable

$77

$77

Total Assets

$179,827

$378,226

Short-Term Debt

$211,337

$166,100

Long-Term Debt

$724,700

$699,700

Total Liabilities

$936,037

$865,800

Financials as of: 05/14/2020
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Raise History

Offering Name Close Date Platform Valuation/Cap Total Raised Security Type Status Reg Type
QuantmRE 06/25/2023 Republic $15,000,000 $165,594 SAFE Funded RegCF
QuantmRE 04/20/2022 Republic $10,000,000 $535,000 SAFE Funded RegCF
QuantmRE 09/29/2020 Republic $8,000,000 $181,144 SAFE Funded RegCF
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Founder Profile

QuantmRE Founder Matthew Sullivan Talks Home Equity

Owning a home is often seen as a major way to build wealth and reap other financial benefits. However, home equity is an illiquid asset. Home-owners often have to go into debt to actually tap into the value of the property they already own.


QuantmRE is one of five companies looking to change that. By offering Home Equity Agreements, QuantmRE helps home-owners access the value of their homes without any monthly payments or interest. They also plan to create a secondary market exchange which would give everyday investors the ability to create portfolios based on these agreements. We talked to founder Matthew Sullivan about his vision for expanding the home equity investor base and where QuantmRE is headed.


Read Founder Interview

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QuantmRE on Republic
Platform: Republic
Security Type: SAFE
Valuation: $8,000,000

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