Champion Lender

Removing barriers to home ownership for minority communities

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Security Type
Crowd SAFE
Min Investment
$100
Location
ORLANDO, FL
Offering Date
April 25, 2022
Expected Close Date
November 25, 2022
Amount Raised
$111,762
Target Raise
$107K-$250K
No. Investors
314
Security Price
$1
Number of Employees
10
Cash
$1,340,443
Revenue
$5,419,259
Short Term Debt
$21,608
Cost of Goods
$1,875,665
Long Term Debt
$0
Net Income
$251,540

Company Description

Champion Lender is addressing the loan gap with a two-sided solution. HOME stands for Home Ownership & Mortgage Education; it is a dual-platform, Total Home Buying/Refinancing solution that reduces denials in underwriting.

Perks

Invest
$500
Receive
Champion Swag Box ( Champion Tumbler, Hat and Tee)
Limited (100 left of 100)

1 investor
Invest
$1,000
Receive
Premium Champion Swag Box ( Champion Tumbler, Hat, Tee, Hoodie, Wine Glass)
Limited (99 left of 100)

Invest
$1,500
Receive
Premium Champion Swag Box
Custom Wood Burned Engraved Charcuterie Board by the CEO
Limited (50 left of 50)

Invest
$2,000
Receive
Premium Champion Swag Box
Send a child to a free coding summer boot camp.
Limited (100 left of 100)

Key Deal Facts

All-in-one platform that guides first time home buyers through the process
Providing solutions for buyers, lenders, and brokers
Helped 500+ home owners that would have been denied mortgages
Marginalized communities bought 12% of the 5.64 homes sold last year
86 mortgage partners as of Feb 2022
$5.4M gross revenue in 2021

Security Description

An equity crowdfunding specific version of a SAFE used by crowdfunding portal Republic. Upon conversion (if and when that happens), investors may receive special shares with limited rights that do not show up on a company’s cap table. The issuer may roll over and not convert shares at the next financing round causing investors to lose out on some upside.

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