CrowdToLive, a Fintech platform that wants to make home-ownership easier with an equity financing platform, is looking to raise £250,000 on Seedrs.
According to the offering page, CrowdToLive is offering equity at a pre-money valuation of £11.9 million. The security is EIS eligible and has opted into the Seedrs Secondary Market trading platform.
As it stands today, CrowdToLive has raised over £235,000 from 60 investors.
CrowdToLive is a product owned and promoted by Elite Capital and Management Services Limited, which is authorized and regulated by the Financial Conduct Authority.
The property crowdfunding platform enables home buyers the ability to purchase the home they want while investors may benefit from future gain.
For homebuyers, you pay a minimum of 5% down and the house is paid in full by investors. You pay the rent on the balance of the value. You have the option to purchase the house if you want but you get to use the home without a mortgage.
For investors, it is a buy-to-let investment platform where you may generate a 5% annual rate of return, according to the website. In brief, you are a co-owner in the house that may benefit from a capital gain.
The offering page on Seedrs states that the platform currently has over 7000 users.
CrowdToLive makes its money from an upfront 3% fee on transactions, plus a 2% fee charged each month and an exit fee of 1% each time the home buyer increases their ownership stake.
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