--- title: May 2022 Performance Report description: Fund That Flip provides investors monthly updates on loan portfolio performance and origination volumes. Read about our loan performance as of May 2022. image: https://learn.upright.us/hubfs/Performance%20Report%20(300%20x%20150%20px)%20(LinkedIn%20Post)%20(300%20x%20150%20px)%20(400%20x%20250%20px)%20(500%20x%20350%20px)%20(550%20x%20400%20px)%20(550%20x%20350%20px)%20(500%20x%20350%20px)%20(2).png --- [![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) # May 2022 Performance Report June 27, 2022 | By [Matt Rodak, CEO and Founder](https://learn.upright.us/real-estate-investing-blog/author/matt-rodak) Fund That Flip is dedicated to industry-leading transparency into our business processes and performance, so we provide our stakeholders and lenders with relevant updates on loan origination and performance, technology updates, and new offerings. In May, we originated 326 loans, totaling more than $139.8 million in origination volume.  Additionally, as of June 1, 5.72% of our book was 30 days or more late on payments. |   | **Feb-22** | **Mar-22** | **Apr-22** | **May-22** | | --- | --- | --- | --- | --- | | **Days Late** | **$% of Book** | **$% of Book** | **$% of Book** | **$% of Book** | | **30–60** | 0.23% | 1.42% | 1.35% | 1.78% | | **61–90** | 0.13% | 0.19% | 1.06% | 0.71% | | **91+** | 3.10% | 2.45% | 1.39% | 1.10% | | **Foreclosure** | 0.35% | 0.38% | 1.87% | 2.13% | | **Total** | **3.81%** | **4.44%** | **5.67%** | **5.72%** | We’re seeing this slight increase in delinquent loans for two reasons: - Several high-dollar loans remain delinquent (with priority on exit and repayment). - Continued supply chain issues and labor shortages contribute to delays and eventually, delinquencies. As always, we're actively working with our borrowers to keep their projects moving forward, on track, and current on payments. - Our Servicing and Sales teams are in regular contact with each other and borrowers to ensure payments and the project are current, before proceeding with new loans for the same client. - Servicing and Asset Management continue to review delinquent accounts to determine if a notice of default letter needs to be issued — the sooner the better.  - Additionally, the Servicing team provides timely updates on loan performance, but also diligently works to ensure as few loans as possible are delinquent longer than 30 days. [Learn more about how we handle loans that are 30+ days late in an episode of Investor Insights here.](https://learn.upright.us/investor-insights-episode-7-portfolio-performance-review) We believe it's best to support our borrowers to exit their loans as successfully as possible — even if delinquent or in the foreclosure process — in order to preserve principal and speed to liquidity. We're also continuing to build a strong forward pipeline even in a somewhat uncertain real estate market, remaining selective on markets to enter and what projects we fund by putting an even stronger focus on appraisals and historic performance. The Fund That Flip operational and business strategy is designed around utilizing a diverse capital stack so we're always positioned to weather market volatility and come out ahead. ## Fund That Flip Featured Projects We are consistently impressed by the quality of work our borrowers are completing with their funded projects. Check out our [featured flips and new construction projects](https://learn.upright.us/real-estate-investing-blog/topic/featured-flips), to see before and after photos of highlighted deals from our investment platform. If you have any questions or would like to provide feedback, email us at [investorrelations@fundthatflip.com.](mailto:investorrelations@fundthatflip.com) We will respond as soon as possible. [Log in](https://www.fundthatflip.com/log_in/new) to your account here, or [start investing](https://www.fundthatflip.com/deals). [![Start Investing](https://no-cache.hubspot.com/cta/default/2129804/f0001381-dc22-4cf3-8cfc-8dff011de58d.png)](https://cta-redirect.hubspot.com/cta/redirect/2129804/f0001381-dc22-4cf3-8cfc-8dff011de58d) - - - ### 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/Horizon%20April%20Image.png)](https://learn.upright.us/real-estate-investing-blog/horizon-fund-overview-2025-apr) April 21, 2025 ## [Horizon Residential Income Fund I - April 2025 Update](https://learn.upright.us/real-estate-investing-blog/horizon-fund-overview-2025-apr) by [Upright](https://learn.upright.us/real-estate-investing-blog/author/upright) [![](https://learn.upright.us/hubfs/RegionalBankSqueeze_MedCrop-sm.jpg)](https://learn.upright.us/real-estate-investing-blog/squeeze-on-regional-banks) May 06, 2024 ## [Squeeze on Regional Banks Puts Pressure on New Housing Construction](https://learn.upright.us/real-estate-investing-blog/squeeze-on-regional-banks) by [Doug Dvorak, VP, Capital Markets](https://learn.upright.us/real-estate-investing-blog/author/doug-dvorak) **[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" : "2022-11-09T10:58:03.938Z", "datePublished" : "2022-06-27T16:25:21.000Z", "headline" : "May 2022 Performance Report", "image" : [ "https://learn.upright.us/hubfs/Performance%20Report%20(300%20x%20150%20px)%20(LinkedIn%20Post)%20(300%20x%20150%20px)%20(400%20x%20250%20px)%20(500%20x%20350%20px)%20(550%20x%20400%20px)%20(550%20x%20350%20px)%20(500%20x%20350%20px)%20(2).png" ], "mainEntityOfPage" : { "@id" : "https://learn.upright.us/real-estate-investing-blog/may-2022-performance-report", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://learn.upright.us/hubfs/Upright_RGB_PrimaryLogo-1.png" }, "name" : "Upright" } } ```