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're excited to report another solid month of growth. We originated 23 new loans for total volume of $6.05M. 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 June, 2.01% of our book was 30 days or more late on payments. This reduction was caused by bringing two loans current during the month.
Success Story
In addition to a very well-performing book of business, we returned $2.7M of principal to investors this month. Check out our featured projects each month to see before and after photos of the homes and communities we're helping to improve.
Technology and Platform Updates
- You can now customize your Notification Settings. This gives you control on how often you hear from us about New Investments, Project Updates and other relevant information.
- Anytime we provide a Project Update for an investment that you're invested in, you will now receive an email notification letting you know of the update.
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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