{"id":8011,"date":"2023-03-02T08:27:15","date_gmt":"2023-03-02T14:27:15","guid":{"rendered":"https:\/\/1reason.com\/re\/pilot-home-purchased-on-nations-first-owner-occupied-fractional-equity-housing-finance-platform-saves-buyer-50-vs-mortgage\/8011\/"},"modified":"2023-03-03T02:27:15","modified_gmt":"2023-03-03T08:27:15","slug":"pilot-home-purchased-on-nations-first-owner-occupied-fractional-equity-housing-finance-platform-saves-buyer-50-vs-mortgage","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/pilot-home-purchased-on-nations-first-owner-occupied-fractional-equity-housing-finance-platform-saves-buyer-50-vs-mortgage\/8011\/","title":{"rendered":"Pilot Home Purchased on Nation\u2019s First Owner-Occupied Fractional Equity Housing Finance Platform Saves Buyer 50% vs Mortgage"},"content":{"rendered":"
The pilot home was purchased by the company CEO, Shannon Diesch, for $740,000 in Longmont, Colorado with monthly housing payments 50% cheaper vs. a 30-year mortgage. <\/p>\n

\u201cI can\u2019t tell you how important this first fractionally-funded home is to me personally, and to every other Millennial like me who\u2019s frustrated by how unaffordable homes are today,\u201d said Diesch. \u201cI live in a high-cost, urban market like so many of my peers who are stuck renting. Using Quarter\u2019s fractional funding model took 50% of my monthly out-of-pocket cost away compared to a traditional mortgage – making this home affordable to buy. Our mission at Quarter is to bring this housing affordability to millions of young people like me and millions of underserved families who have been priced out of the American dream of home ownership.\u201d<\/p>\n

The Quarter fractional equity program is an innovative funding model based on investors purchasing financial interests, that are linked to the home through a special purpose entity, that becomes a tenants-in-common with the homeowner when the property is acquired. Quarter was advised by DLA Piper LLP (US) on establishing a regulatory compliance framework for its operations. Quarter\u2019s capital is equity\/co-ownership based vs. traditional debt-based mortgage capital used exclusively to finance homes today.<\/p>\n

\u201cThe affordability crisis facing Millennials like me, and other traditionally underserved communities, is largely the result of interest-rate driven mortgages combined with out of reach home prices,\u201d explained Diesch. \u201cIf you\u2019re a first-time buyer, with no equity to trade in for down payment, and mortgage rates are the highest they\u2019ve been since Friends was on NBC – then millions of us are simply out of luck and stuck in apartments or rental homes.<\/p>\n

\u201cQuarter offers us a chance at home ownership by enabling Investors to invest in owner-occupied homes<\/strong> for the first time in history. Sourcing purchase capital from co-owner investors allows them to enjoy monthly cash flows from their investment while sharing appreciation gains proportionally with homeowners like me. And I take care of the house as an owner, not a renter.<\/p>\n

\u201cWhen you add it all up, Quarter\u2019s fractional investors enjoy economics similar to whole-home ownership while home buyers like me enjoy up to 50% or more in savings every month vs. mortgage. This changes everything.\u201d<\/p>\n

About Quarter<\/strong>
Quarter<\/u><\/a> is America\u2019s first owner-occupied fractional equity-based home funding program and technology platform, with the aim of providing homeownership to millions who cannot afford a home using traditional debt-based. Fully vetted for regulatory compliance, Quarter directly unites fractional housing investors – preferring passive returns from a portfolio of fractional home assets vs. costly whole home ownership – with consumers who need an alternative to high-cost mortgages in order to own a home.<\/p>\n

Contact Information<\/strong>
Scott Davis
619-995-6282
scott@quarterhomes.com<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

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BOULDER, Colo., Feb. 02, 2023 (GLOBE NEWSWIRE) — Quarter, Inc., the nation\u2019s owner-occupied first fractional equity home funding program and technology platform, announced the first home purchased using the innovative financing service.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8011"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=8011"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8011\/revisions"}],"predecessor-version":[{"id":8032,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/8011\/revisions\/8032"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=8011"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=8011"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=8011"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}