--- title: The Residential Bridge Note Fund (RBNF) - 3 Month Update description: In mid-April 2020, Fund That Flip launched the Residential Bridge Note Fund, commonly known as “RBNF” in the face of an unprecedented, worldwide pandemic. image: https://learn.upright.us/hubfs/rbnf%20alt.webp --- [![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) # The Residential Bridge Note Fund (RBNF) - 3 Month Update July 17, 2020 | By [Upright](https://learn.upright.us/real-estate-investing-blog/author/upright) In mid-April this year, we launched the [Residential Bridge Note Fund](https://www.fundthatflip.com/real-estate-investing/rbnf), commonly known as “RBNF,” in the face of an unprecedented, worldwide pandemic. Despite the economic and financial turmoil caused by COVID-19, the fund has proved to be highly popular, with each Series Note offering filling quickly and being oversubscribed. The fund allows accredited investors to invest at different times and with unique terms in the form of Series Notes. These individual Series Notes are combined together to form the larger diversified fund that we call the Residential Bridge Note Fund (RBNF). With the capital raised, RBNF invests into individual loans originated on the Fund That Flip platform via [Borrower Dependent Notes (BDN’s)](https://www.fundthatflip.com/real-estate-investing/bdn). We wanted to share some of the major benefits of investing in RBNF to show why the fund has demanded so much attention from a wide variety of accredited investors during these uncertain times: 1. **Diversification** - A single investment is spread across multiple whole and fractional loans throughout our platform. 2. **Fixed Maturity** - Each note has a fixed maturity date, giving certainty to principal repayment. 3. **Passive** - Investments are selected by the fund manager which alleviates the need for investors to assess and select each investment. 4. **Utilization** - The investment earns interest from the day investment funds clear escrow. 5. **FTF alignment** - Fund That Flip will contribute 10% of the outstanding capital raised, up to $1M, to demonstrate our aligned incentives. To date, we have successfully issued and fully fundraised eight different Series Notes. The fund has raised $2.53 million and invested in 87 different assets. In order to closely monitor diversification and concentration, the fund has a set of underlying investment criteria which are used to guide investment decisions in relation to geographical locations, borrowers, and asset types. To illustrate this clearly, here are some key performance metrics that demonstrate the diversity of the RBNF. **RBNF Performance data April 13th - July 7th 2020:** **![RBNF Performance data](https://learn.upright.us/hs-fs/hubfs/del-Jul-17-2020-04-01-06-45-PM.png?width=351&name=del-Jul-17-2020-04-01-06-45-PM.png)** **Performance Charts:** **![RBNF State Breakdown](https://learn.upright.us/hs-fs/hubfs/del-Jul-17-2020-04-01-32-88-PM.png?width=390&name=del-Jul-17-2020-04-01-32-88-PM.png)** **![RBNF Leverage Metrics](https://learn.upright.us/hs-fs/hubfs/del-Jul-17-2020-04-07-23-85-PM.png?width=395&name=del-Jul-17-2020-04-07-23-85-PM.png)** **![RBNF Deal Type Breakdown](https://learn.upright.us/hs-fs/hubfs/del-Jul-17-2020-04-08-22-07-PM.png?width=388&name=del-Jul-17-2020-04-08-22-07-PM.png)** **![RBNF Asset Type Breakdown](https://learn.upright.us/hs-fs/hubfs/del-Jul-17-2020-04-09-33-59-PM.png?width=391&name=del-Jul-17-2020-04-09-33-59-PM.png)** In the coming weeks and months, we will be issuing further RBNF Series Notes with varying maturity dates. In line with the underlying risk strategy, Series Notes with longer maturities will have higher rates of return for investors. To provide some clarity on pricing of the Series Notes, we have set out some sample pricing below based on the varying maturity periods. ![RBNF Duration/Rate](https://learn.upright.us/hs-fs/hubfs/Screen%20Shot%202020-07-17%20at%2012.19.29%20PM.png?width=564&name=Screen%20Shot%202020-07-17%20at%2012.19.29%20PM.png) Our forward-looking objective is to release new Series Notes on a regular basis to provide our investors with the opportunity to regularly invest in our newest investment vehicle. Click below to sign up for advanced notice and access to exclusive information on RBNF: [![I'm Interested](https://no-cache.hubspot.com/cta/default/2129804/2b345c69-418f-413f-b12e-839c7ae5fc02.png)](https://cta-redirect.hubspot.com/cta/redirect/2129804/2b345c69-418f-413f-b12e-839c7ae5fc02) If you'd like more information on the fund, or about investing with Fund That Flip in general, please reach out to Paul McFadyen at [paul.mcfadyen@fundthatflip.com](mailto:paul.mcfadyen@fundthatflip.com). - - - ### Returns up to 13% investing in real estate. Real estate investing can earn up to 12% annual returns on pre-vetted, low LTV, real estate-secured loans. Fund That Flip offers industry-leading visibility into each project, enabling investors to be highly selective in the loans they choose to fund. [![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) [![Hard money loan products for professional real estate investors](https://learn.upright.us/hubfs/Upright%20Loan%20Suite.png)](https://learn.upright.us/real-estate-investing-blog/introducing-uprights-loan-suite-built-for-real-investors-by-real-experts) May 09, 2025 ## [Introducing Upright’s Loan Suite: Built for Real Investors, by Real Experts](https://learn.upright.us/real-estate-investing-blog/introducing-uprights-loan-suite-built-for-real-investors-by-real-experts) by [Upright](https://learn.upright.us/real-estate-investing-blog/author/upright) [![](https://learn.upright.us/hubfs/Tariffs%20Image%202025v2.png)](https://learn.upright.us/real-estate-investing-blog/tariffs-and-real-estate-investing) April 04, 2025 ## [Tariffs and Real Estate Investing](https://learn.upright.us/real-estate-investing-blog/tariffs-and-real-estate-investing) by [Upright](https://learn.upright.us/real-estate-investing-blog/author/upright) **[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" : "Upright", "url" : "https://learn.upright.us/real-estate-investing-blog/author/upright" }, "dateModified" : "2022-12-16T14:32:44.914Z", "datePublished" : "2020-07-17T17:17:30.000Z", "headline" : "The Residential Bridge Note Fund (RBNF) - 3 Month Update", "image" : [ "https://learn.upright.us/hubfs/rbnf%20alt.webp" ], "mainEntityOfPage" : { "@id" : "https://learn.upright.us/real-estate-investing-blog/rbnf-3-months", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://learn.upright.us/hubfs/Upright_RGB_PrimaryLogo-1.png" }, "name" : "Upright" } } ```