Fund That Flip operates a proprietary technology platform that connects investors with local real estate entrepreneurs, offering scalable capital and passive investment opportunities. The company positions itself as an end-to-end real estate investment operating system and plans to broaden its platform to support information and capital needs of local real estate entrepreneurs. The raise is intended to accelerate national expansion, further technological innovation for an underserved industry, and exploration of global opportunities. Fund That Flip has offices in New York City and Cleveland, Ohio, and says its platform has facilitated over $1 billion in real estate investments with a 99.1% return of principal. The company reports it is on pace to grow revenue 300% year-over-year, has doubled its customer base since 2020, and achieved profitability since the close of its Series A in August 2019. Fund That Flip is an online platform that provides short-term residential real estate debt for the fix-and-flip market. Led by CEO Matt Rodak, the fintech marketplace raises capital for residential rehab loans and offers passive wealth-generation opportunities for peer-to-peer lenders. The platform can provide funding in as few as seven business days and typically underwrites loans over an average of eight months, assessing loans based on the characteristics of the real estate. The company operates from New York City and Cleveland, OH. It plans to use new capital to expand sales and marketing, build an internal capital markets capability, and accelerate technology and product development. Fund That Flip is a New York City–based marketplace lender that brings short-term residential rehab lending online for experienced "rehabbers" and accredited investors. The platform speeds loan decisions, originates loans according to industry best practices, orders appraisals, and invites accredited investors to co-invest in projects. It targets rehabbers who do 3–20 projects per year and estimates an annual addressable market of roughly $60B in short-term loans. Investors on the platform can access projects targeting 10–14% annual returns and can begin investing with as little as $5,000. The company charges borrowers a 2–4% origination fee and a 1–2% loan servicing spread. Planned milestones for 2016 focus on ramping the team, implementing institutional lender processes, continuing technology development, and developing strategic partnerships.

Total raised

$33M

Funding rounds

3

Latest round

Series B

Latest activity

Nov 2021