--- title: "$100 Million of Funded Loans: Our Latest Milestone!" description: Read about Fund That Flip's latest milestone - originating over $100 million of funded loans. image: https://learn.upright.us/hubfs/Manged-Fund-AdobeStock_131079161-%5BConverted%5D.jpg --- [![Upright Real Estate Investment](https://learn.upright.us/hs-fs/hubfs/Upright_RGB_PrimaryLogo-2.png?width=175&height=42&name=Upright_RGB_PrimaryLogo-2.png "Upright Real Estate Investment")](https://upright.us/) [![Return Home >](https://no-cache.hubspot.com/cta/default/2129804/90add894-e0b2-4f0c-bc22-7c5b348dd1d7.png)](https://cta-redirect.hubspot.com/cta/redirect/2129804/90add894-e0b2-4f0c-bc22-7c5b348dd1d7) [Back to the Blog](https://learn.upright.us/real-estate-investing-blog) # $100 Million of Funded Loans: Our Latest Milestone! April 10, 2018 | By [Matt Rodak, CEO and Founder](https://learn.upright.us/real-estate-investing-blog/author/matt-rodak) *Thank you all for your support in helping us achieve this meaningful milestone. Hear from our Founder on how we got here and where we’re going next.* -- I came up with the idea for Fund That Flip out of a personal frustration with the lack of reliable funding available to fund fix-and-flip investments. I also believed that there were passive investors who wanted to participate in this asset class if they were provided access and high levels of transparency. In other words, there was a group of entrepreneurs who needed capital to restore unlivable homes and a group of investors who were looking for a fair risk-adjusted return. I just needed to figure out a way to bring these two groups together in a way that was beneficial for everyone. With just a fledgling idea of what Fund That Flip could be, I abandoned my comfortable corporate life and moved to New York City. What happened next totally exceeded my wildest dreams. **Early Days:** January 2015: We fund our first loan in [Trumbull, CT](https://www.fundthatflip.com/deals/16). A total of 4 investors participate in the offering. June 2015: We’re accepted into [Entrepreneurs Roundtable Accelerator](http://www.eranyc.com), a top-tier NYC startup accelerator. Through their network we secured a meaningful commitment to fund the loans we originate. December 2015: We complete our first year in business, funding 17 loans for just under $5M in volume. We are still “bootstrapping” the business while we watch several other players in the market raise large rounds of financing. March 2016: We close our Seed Round of financing for $2.1M and begin investing in talent development, marketing and technology infrastructure. **Present Day** Fast forward to present day, and here’s what we’ve accomplished since those early days: - This week we crossed the $100M mark in Loan Originations. - We’ve helped restore more than 400 homes in 15+ states. - Our team has grown to 30, and [we’ve been recognized by Smart Business for our outstanding company culture](http://www.sbnonline.com/article/2018-smart-culture-awards/). - We’ve created significant wealth for Lenders on our platform, with more than $3.75M in interest income paid out and over $30M in returned principal. - Our portfolio has had $0 in lost principal or earned interest since founding. We’ve always valued quality over quantity. - We’ve developed proprietary technology which provides a first-class customer experience for both our lender and borrower clients. While we may not be the biggest real estate funding platform, we’ve accomplished an incredible amount with a fraction of the outside financing others have received. In other words, we’ve grown exponentially while also focusing on building a sustainable business model. We finished 2017 with a profitable fourth quarter and expect to turn a profit in 2018 – a significant accomplishment in such a short timeline. We’re only able to achieve this because of our amazing, relentless borrowers who are dedicated to helping bring back neglected properties and improving their communities. We’re also forever appreciative of the support and trust that our lenders put in us. We couldn’t have accomplished this without you! While $100M is a significant milestone, it’s only just the beginning! With a stronger team than ever, we’re positioned for more sustainable growth and look forward to continuing to bring new innovative products, services and technology to our valued partners. Thank you all for your support and helping us achieve so much over the last few years.   Yours Truly, Matt Rodak Founder and CEO ![Fund That Flip Logo](https://learn.upright.us/hs-fs/hubfs/FTF%20Logo%20For%20Email%20Signature.png?width=212&name=FTF%20Logo%20For%20Email%20Signature.png) - - - ### Returns up to 13% investing in real estate. Diversify your portfolio with short- or long-term investments, individual or pooled fund offerings, and hundreds of developers and project types throughout the U.S. [![Sign Up](https://no-cache.hubspot.com/cta/default/2129804/9beb5019-97e3-48ab-bc90-ee874cd213ac.png)](https://cta-redirect.hubspot.com/cta/redirect/2129804/9beb5019-97e3-48ab-bc90-ee874cd213ac) ### Loan commitments in about 24 hours, with pre-approval up to $5M to make winning bids. [![Apply Now](https://no-cache.hubspot.com/cta/default/2129804/3420ff91-259d-4238-ae5b-bda78b01cff5.png)](https://cta-redirect.hubspot.com/cta/redirect/2129804/3420ff91-259d-4238-ae5b-bda78b01cff5) [![](https://learn.upright.us/hubfs/DSCR.png)](https://learn.upright.us/real-estate-investing-blog/dscr-lending-that-works-as-hard-as-your-rentals) June 10, 2025 ## [Frictionless Financing for Your Next Rental](https://learn.upright.us/real-estate-investing-blog/dscr-lending-that-works-as-hard-as-your-rentals) by [Upright](https://learn.upright.us/real-estate-investing-blog/author/upright) [![](https://learn.upright.us/hubfs/Upright.png)](https://learn.upright.us/real-estate-investing-blog/what-happens-when-we-control-the-capital) June 04, 2025 ## [Fast Closings, a 4-Day Close Case Study](https://learn.upright.us/real-estate-investing-blog/what-happens-when-we-control-the-capital) by [Upright](https://learn.upright.us/real-estate-investing-blog/author/upright) **[Upright](https://www.upright.us/)** **1300 E. 9th Street, Ste. 800, Cleveland, OH 44114 Real Estate Investment [info@upright.us](mailto:info@upright.us) | [646-895-6090](tel:6468956090) [![Instagram](https://learn.upright.us/hs-fs/hubfs/Email_2023/mdi_instagram.png?width=29&height=29&name=mdi_instagram.png)](https://www.instagram.com/buildwith_upright/)  [![Linkedin](https://learn.upright.us/hs-fs/hubfs/Email_2023/linkedin-icon.png?width=29&height=29&name=linkedin-icon.png)](https://www.linkedin.com/company/buildwithupright/)  [![Facebook](https://learn.upright.us/hs-fs/hubfs/Email_2023/fb-icon.png?width=29&height=29&name=fb-icon.png)](https://www.facebook.com/buildwithupright)  [![TikTok](https://learn.upright.us/hs-fs/hubfs/Email_2023/tik-icon.png?width=29&height=29&name=tik-icon.png)](https://www.tiktok.com/@buildwith_upright?lang=en)  [![X Twitter](https://learn.upright.us/hs-fs/hubfs/Email_2023/x-icon.png?width=29&height=29&name=x-icon.png)](https://twitter.com/build_Upright)  [![YouTube](https://learn.upright.us/hs-fs/hubfs/Email_2023/ytb-icon.png?width=29&height=29&name=ytb-icon.png)](https://www.youtube.com/@buildwithupright)  [![Events](https://learn.upright.us/hs-fs/hubfs/Email_2023/calendar-icon.png?width=29&height=29&name=calendar-icon.png)](https://www.upright.us/events)**   Past performance is not indicative of future performance. Investors should not rely on forward-looking statements because such statements are inherently uncertain and involve risks. No returns are guaranteed and these types of investments involve a high degree of risk.   Neither the Securities and Exchange Commission (SEC) nor any federal or state securities commission, or any other regulatory authority has recommended or approved of the investment or the accuracy or inaccuracy of any of the information or materials provided by or through the website. Direct and indirect purchase of real estate property involves significant risks, including, but not limited to risk related to sale of land, market and industry risks, and risks specific to a given property. Investments are not bank deposits, are not insured by the FDIC or by any other Federal Government Agency, are not guaranteed by Fund That Flip, Inc. dba Upright, and may lose value.   Fund That Flip, Inc. dba Upright does not make investment recommendations and this message should not be construed as such. This message is not an offer to sell or the solicitation of an offer to buy any security, which can only be made through official offering documents that contain important information about risks, fees, and expenses. Any investment information contained herein has been secured from sources Fund That Flip, Inc. dba Upright believes are reliable, but we make no representations or warranties as to the accuracy of such information and accept no liability therefor. We recommend that you consult with a financial advisor, attorney, accountant, and any other professional who can help you to understand and assess the risks associated with any investment opportunity. If and when Fund That Flip, Inc. dba Upright is able to make investment opportunities available, only accredited investors who submit required verification will be able to invest.     **© Fund That Flip, Inc. dba Upright, 2024  | [Privacy Policy](https://www.upright.us/legal?tab=privacy-policy) | [General](https://www.upright.us/legal?tab=terms)[Terms of Service](https://www.upright.us/legal?tab=terms) [|](https://www.fundthatflip.com/terms-of-service) [Investment Terms of Service](https://www.upright.us/legal?tab=investment-tos)**     ![](https://www.facebook.com/tr?id=1484345195216823&ev=PageView&noscript=1) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "Matt Rodak, CEO and Founder", "url" : "https://learn.upright.us/real-estate-investing-blog/author/matt-rodak" }, "dateModified" : "2022-11-08T20:11:45.011Z", "datePublished" : "2018-04-10T19:00:00.000Z", "headline" : "$100 Million of Funded Loans: Our Latest Milestone!", "image" : [ "https://learn.upright.us/hubfs/Manged-Fund-AdobeStock_131079161-%5BConverted%5D.jpg" ], "mainEntityOfPage" : { "@id" : "https://learn.upright.us/real-estate-investing-blog/100-million-of-funded-loans-our-latest-milestone", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://learn.upright.us/hubfs/Upright_RGB_PrimaryLogo-1.png" }, "name" : "Upright" } } ```