Quarter Tackles Home Affordability
2024年6月27日 - 3:02AM
ビジネスワイヤ(英語)
Quarter’s home financing platform provides
non-debt funding to homebuyers at a
cost significantly lower than a mortgage, lower even than
comparable rent.
Quarter Inc. – the nation’s first technology platform for
financing home purchases using fractional equity instead of debt –
is introducing the Quarter Launch Fund to scale up operations,
including financing approximately 300 additional homes.
Unlike organizations incentivizing investments in rental
properties, Quarter has created a completely new patented model
that allows people and entities to invest in owner-occupied residential real estate.
Quarter’s technology platform unites consumers who want to buy a
home or replace their existing mortgage with investors who want to
invest in single family residential properties. Homebuyers purchase
a home just like they would with a mortgage and live in the home
with all of the privileges of homeownership. But with Quarter, a
typical monthly payment is as much as 50% cheaper than a mortgage
and 20-30% lower than comparable rent payments.
Shannon Diesch, CEO of Quarter, comments, "Our mission is to
profoundly change people's lives. Making housing more affordable
not only allows more people to become homeowners, but – because
housing is the largest expense for the average American – it also
allows paychecks to go further. The Quarter Launch Fund will enable
us to attain major milestones on our way to achieving this
mission."
The timing of Quarter’s launch is relevant. Quarter’s model
enables those who cannot afford traditional mortgage financing,
including many of Gen Z and Millennial first-time buyers locked out
of the current market, to become homeowners.
“Making the Quarter Launch Fund particularly attractive to
investors is the ability to leverage features unique to
Quarter’s patented model that allow the Quarter Launch Fund to
blend the high return profile of a VC-type investment with the
lower risk profile of a real estate investment,” Diesch
added.
Investors can learn more about the Quarter Model and receive
additional information about the Quarter Launch Fund, on the
Quarter investor site at Quarter Launch Fund.
About Quarter
Quarter is a platform that fractionalizes homes through a
unique, patented model based on an equity investment instead of
traditional mortgage debt, enabling people and entities to invest
in a new asset class of owner-occupied residential real estate.
Quarter directly unites fractional housing investors with
consumers looking to purchase a home or refinance an existing
mortgage. By removing the middlemen, Quarter enables homeowners to
significantly reduce closing costs and monthly payments, making
home ownership accessible and affordable for potentially millions,
while at the same time providing investors with passive,
interest-rate-agnostic, diversified returns; with regular cash flow
and accelerated appreciation – surpassing REITs and rental
properties on both Returns and Risk profiles.
About the Quarter Launch
Fund
The Quarter Launch Fund is commencing a $147.25M Reg D Capital
Raise which will be used to further develop infrastructure and to
scale up operations on Quarter’s technology platform, including
financing approximately 300 additional homes using the Quarter
Model. Unlike Quarter’s technology platform, the Quarter Launch
Fund is a closed-end fund open only to accredited investors.
Investors in the Quarter Launch Fund do not own any interest in
Quarter or Quarter’s technology platform and are making no direct
investment on the Quarter’s technology platform.
Investors receive monthly cash flow generated through the
Quarter Launch Fund’s ownership of securities (“Tokens”) that
represent economic interests in the properties in which the Quarter
Launch Fund invests, as well as capital gains, as the appreciation
accrued by the Quarter Launch Fund during its Term will be
converted into monies through the sale of Tokens on a secondary
market (which will be created by Quarter but does not currently
exist). In addition, investors in the Quarter Launch Fund will
benefit from the Derivative Returns generated by Quarter’s patented
LAT Tokens. This provides an additive return underpinned by
platform-wide growth and home appreciation. Combined with the
monthly cash flow, and monies from accrued appreciation, the
forecasted return to investors in the Launch Fund is 25.04%
IRR.
Investor Notice
Investments in early-stage companies are speculative, involve a
high degree of risk, are generally illiquid, and can be different
from traditional markets. Investors in early-stage companies should
be prepared to lose some or all of their investment. Investors
should read all of the risks and disclosures prior to making any
investment decisions. Offers to sell, or the solicitations of
offers to buy any security can only be made through official
offering documents that contain important information about risks,
fees and expenses. Investors should conduct their own due
diligence, and are encouraged to consult with a financial
professional. Past performance is not indicative of future results.
There is no guarantee that a diversified portfolio will enhance
overall returns, outperform a non-diversified portfolio, or prevent
loss.
Forward-Looking
Statements
Any statements herein which contain such terms as “may,” “will,”
“should,” “expect,” “anticipate,” “estimate,” “target,” “intend,”
“continue” or “believe” or other variations thereon or comparable
terminology are forward-looking statements (including any
projections) and not historical facts. No assurance, representation
or warranty is made by any person that any forward-looking
statements or projections will be achieved and you should not rely
on such forward-looking statements or projections. None of Quarter,
509 Holdings, the Launch Fund, their affiliates or any of the
respective directors, officers, employees, partners, shareholders,
advisers or agents of any of the foregoing makes any assurance,
representation or warranty as to the accuracy of any
forward-looking statement or projection. Nothing contained herein
may be relied upon as a guarantee, promise or forecast or a
representation as to the future.
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version on businesswire.com: https://www.businesswire.com/news/home/20240626327893/en/
Shannon Diesch 303-406-9456 shannon@quarterhomes.com