In an effort to promote industry-leading transparency, Fund That Flip provides lenders relevant statistics related to loan origination and performance. You will also find updates related to technology and offering enhancements herein.
We are happy to report that November was another strong month of growth. We originated 33 new loans for total volume of $6.63M. We sourced over $120M in loan applications, which provides a solid forward pipeline, allowing us to continue to be selective when choosing which borrowers and projects to fund.
At the end of November, 2.79% of our book was 30 days or more late on payments. This is a slight improvement from October as several loans were made current in November. While a few loans are now 90+ days late, we expect there to be a resolution on these in the near term as we are actively working with the borrower.
Check out our featured projects each month to see before and after photos of the homes and communities we're helping to improve.
Thanks for your continued support. We appreciate your business and feedback!
Email us at: InvestorRelations@fundthatflip.com to schedule a call with a member of our investments team, ask a question or provide feedback.
Have a project that is ready for transformation? Apply in under 2 minutes to get fast funding for your next real estate project.