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 October was another strong month of growth. We originated a record high of 34 new loans for total volume of $7.28M. We sourced over $142M 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 October, 3.44% of our book was 30 days or more late on payments. While this is a slight uptick from last month, we have insight into all of the borrowers' plans to bring these loans current or repay the loan within a reasonable time frame.
Success Story
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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