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.
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.
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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