Vagabond Tiny Homes

by THOMAS GRENIER


LENDRS

0

FUNDED

$37500 (100%)

DAYS LEFT

Ended

Our Story


Affordable, Quality, Sustainable Housing, all in a Tiny Package

Vagabond Tiny Homes builds custom, high-quality homes ranging in size from 100 to 400 square feet. While they might be small, they have no lack of comforts. Each house is packed full of all the amenities of a conventional sized house, all beautifully designed and intelligently laid out. Their houses are more than just a place to sleep, they are truly a home.

Our Story

The founding of Vagabond Tiny Homes, is about as conventional as their houses. While finishing his Masters Degree and soon to start med school, the founder Thomas Grenier, decided he had some spare time and should build his own house from scratch.

Fast forward a year and it is remarkable to see the progress they have made. Now with a production facility south of Calgary, houses are under production by a small group of skilled trades people. Interest has been high, with some of their houses already spoken for even as their first home is being completed. While their primary clients are people looking for a affordable way to downsize without compromise, their passion lies in providing high-quality homes to low-income individuals. They have spent the better part of the past year in conversations with the Canada Mortgage and Housing Corporation (CMHC). Their aim is to test a tiny home community as a potential tool for low-income housing in big cities and northern communities where access to affordable housing is a chronic issue.

The Next Big Step

3 weeks away from completionFor home builders starting out, funding something as expensive as a home, prior to it being sold can be challenging. They are looking to raise $75,000.00 through their loan with ATB LendR, 50% from the LendR community and 50% from ATB. This loan will allow them to build more homes, the sale of which will fund further homes, growing their business. In addition the loan will assist them in:

  • Building a premium home which will be used as a short-term vacation rental and show suite. This home will have fully integrated off-grid solar capabilities, will be desirably located and will generate an ongoing alternative stream of revenue for the company

  • Building utility hookups

  • Allow them to experiment with some alternative designs to what people usually think of when they think of tiny homes

 

Team


Thomas Grenier

There is a point in which we all must take the reigns of our life in a big way and leap forward into the unknown. It usually starts with a small and subtle idea, one that is entertained as whim or day-dream. We have these ideas often enough, but seldom do we make them anything of them. Every once in a while, though, a combination of recklessness and passion overtake a small idea and make it into something else. Something real. Vagabond was built in such a way. Thomas Grenier built this company because he saw a chance to leap; he saw a chance to become himself in a new and empowering way and as such, regardless of what the future holds, the act of stepping out will forever be his victory.

Lending Profile


About the Business

Vagabond Tiny Homes Ltd.

1624 42 St SW

Calgary, AB

thomas@vagabondtinyhomes.com

587-580-5166

Vagabond Tiny Homes is an Alberta Corporation.

Key Personnel

The founding of Vagabond Tiny Homes, is about as conventional as their houses. While finishing his Masters Degree and soon to start med school, the founder Thomas Grenier, decided to build his own house from scratch. This may seem like a strange origin story for the company, but one only needs to look to Thomas’s grandfather, a major influence in his life, to fit it all together. Thomas’s grandfather was an avid builder, tinkerer and handiman, always with something on the go in his shop. He was both the inspiration for Vagabond Tiny Homes and the first person Thomas shared his business idea with.

Thomas cares greatly about environmental sustainability, seeking to provide another option for those wanting to live comfortably, with less impact on the earth. As well, we cares deeply about improving the quality of affordable housing available, particularly for remote northern communities. In our age of increasing rental and housing costs, tiny homes may be one of the solutions.

Thomas Grenier owns 100% of Vagabond Tiny Homes Inc.

Description of Business

Vagabond Tiny Homes builds custom, high-quality homes ranging in size from 100 to 400 square feet. While they might be small, they have no lack of comforts. Each house is packed full of all the amenities of a conventional sized house, all beautifully designed and intelligently laid out. Their houses are more than just a place to sleep, they are truly a home.

Tiny houses come in all shapes, sizes, and forms, but they enable simpler living in a smaller, more efficient space. People are joining this movement for many reasons, but the most popular include reducing environmental impact, soaring house costs and the desire for more time and freedom. These motivating values speak to why Vagabond Tiny Homes has spent the better part of the past year in conversations with the Canada Mortgage and Housing Corporation (CMHC). Their aim is to test a tiny home community as a potential tool for low-income housing in big cities and northern communities where access to affordable housing is a chronic issue. While tiny houses are not for everyone, they are a thought-provoking and innovative response to our changing times.

Use of the Funds

Vagabond has just completed their first home and will soon have it up for sale. They have had a lot of interest in their homes so far, with some of their future production time already booked by customers wanting their own tiny home.  The $75,000 LendR loan will allow them to build more homes, the sale of which will fund further homes, growing their business. In addition the loan will assist them in:

  • Building a premium home which will be used as a short-term vacation rental and show suite. This home will have fully integrated off-grid solar capabilities, will be desirably located and will generate an ongoing alternative stream of revenue for the company

  • Building utility hookups

  • Allow them to experiment with some alternative designs to what people usually think of when they think of tiny homes

Terms of LendR Loans

Loans will have a term of 2 years (24 months), beginning after the loan is successfully funded. Vagabond Tiny Homes inc. will repay the principal plus 15% interest, calculated as a blended loan. Vagabond Tiny Homes Inc. will make monthly payments of 1/24 the total repayment amount. If Vagabond Tiny Homes Inc. chooses to repay the loan early, the principal plus the full interest remaining in the 24 month period must be paid.

Risk Factor

Vagabond Tiny Homes Inc. has been in operation less than two years. There are financial, operational, and market risks for any young business. Some that apply specifically to this business include:

  • Tiny homes are mobile and are sold without land. Therefore, it is up to the potential owner to find acceptable places to park their tiny homes

  • As with anything new, integration and acceptance of tiny homes in society is still a working progress. There is the risk that it will not be a sustained trend.

Certificate

This Lending Profile does not contain a statement that, in a material respect and at the time and in light of the circumstances in which it is made, is misleading or untrue and it does not fail to state a fact that is required to be stated or that is necessary to make a statement not misleading.

Certified as of: July 27, 2017

By: Thomas Grenier

 



Launched:
Funding Ends: 08-Nov-2017
Amount Required: $37500
Term: 24 months
Interest Rate: 15%

Campaign Funded

Campaign by

Vagabond Tiny Homes

http://vagabondtinyhomes.com/
Calgary