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 September was another strong month of growth. We originated 17 new loans for total volume of $3.48M. We sourced over $141M 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 September, 1.83% of our book was 30 days or more late on payments. The one loan that was 90+ days late was sold, resulting in no loans now being significanlty late on payments.
Success Story
In addition to a very well-performing book of business, we returned $515,000 of principal to investors in September. 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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