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 August was another strong month of growth. We originated 20 new loans for total volume of $6.975M. We sourced over $127M 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 August, 2.39% of our book was 30 days or more late on payments. The underlying property related to the the one loan 90+ days late is under contract and is expected to be sold in September.
In addition to a very well-performing book of business, we returned $180,000 of principal to investors in August. 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.
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