QuantmRE

Neutral
BETA

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

Analytics

Raised to Date: $181,144

Aggregate Commitments $
Platform

Republic

Start Date

05/15/2020

Close Date

09/30/2020

Min. Goal

$25,000

Max. Goal

$1,070,000

Min. Investment

$100

Security Type

SAFE

Funding Type

RegCF

Series

Seed

Valuation Cap

$8,000,000

Discount Rate

20%

Weekly Commitments $
Status
Funded
Reporting Date

10/04/2020

Days Remaining
Funded
% of Min. Goal

725%

% of Max. Goal

17%

Likelihood of Max
Funded
Avg. Daily Raise

$1,313

# of Investors

637

Momentum
Funded
Location

Newport Beach, CA

Industry

Financial & Insurance Products & Services

Tech Sector

Fintech

Distribution Model

B2C

Margin

Low

Capital Intensity

Low

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

$0

Total Liabilities

$936,037

$865,800

Ratings

last updated 10/11/2020

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