FAST FUNDING for REAL ESTATE FLIPPERS Building an Online Real Estate Investment Marketplace for Lenders and Redevelopers

INC. 5000 BRANDED CONTENT FUND THAT FLIP FAST FUNDING FOR REAL ESTATE FLIPPERS Building an online real estate investment marketplace for lenders and redevelopers

Flipping homes for resale is big business. Real estate developers, builders, and contractors I2019I have all entered the market, buying properties IRANKINGI in need of updating, renovating them, and sell- ing them at a profit soon after. With an average 42 return on investment (ROI) of 38.7 percent, ac- cording to the U.S. Home Flipping Report, the profit potential with house flipping is attractive to investors at all levels. The biggest challenge most real estate buyers and investors face is access to capital. Securing funds to purchase and update properties can be Matt Rodak, founder and CEO $6.4 expensive, especially when dealing with smaller MILLION lenders who charge double-digit interest rates, company to develop products and services that 2018 REVENUE explains Matt Rodak, founder and CEO of Fund are a good fit for its customers. The firm has That Flip. Recognizing that interest rates on continued to expand its product offerings as unsecured consumer debt were typically lower customer needs grow, adding new construction than collateral-backed loans like real estate gave loans and developing a rental property loan. him the idea for the business. That new loan product was created in response 2744 to a trend toward renovating and renting, rather EASY ACCESS TO CAPITAL than selling, purchased properties. Anticipating PROJECTS what real estate flippers need most drives how ANALYZED Applying his expertise in property risk assess- ment and experience in real estate investing the company does business. and peer-to-peer lending, Rodak founded Fund “We emphasize empathy with our custom- That Flip in 2014. His goal was to provide a ers,” says Rodak. “We work hard to understand more cost-effective and convenient funding their goals and what they need., and then we source for investment real estate buyers, as develop solutions to meet those needs. Our de- 6018% well as a potential investment opportunity for fault response is to say ‘yes’ if it makes sense.” 3-YEAR GROWTH qualified investors. The company grew 30x be- Those customers also include accredited tween 2015 and 2019, from $80 million in loan investors, who can invest in real estate loans applications from flippers to $2.5 billion. Fund through Fund That Flip in $5,000 increments, That Flip was also admitted to a prestigious earning annual interest of 8 to 9.5 percent. tech incubator program and raised two rounds of venture capital. VALUING EMPLOYEE HUSTLE Behind that growth was a proprietary tech- Fund That Flip’s impressive growth trajectory nology platform designed to make the applica- is due primarily to the company’s talented em- 41 tion process simpler and faster for customers, ployees. “We got lucky and hired the right peo- EMPLOYEES explains Rodak. “Bringing technology to the ple,” he says. The team helped develop core market allowed us to make smart lending de- values that support that continued growth, in- cisions,” he says, providing improved data an- cluding hard work, unity, success, transparency, alytics that increases the odds of success and learning, and empathy. Together, those words reduces loan defaults. spell HUSTLE, explains Rodak. “HUSTLE helps Focusing on its core market has also served us maintain our corporate culture and provide a Fund That Flip. “We specialize in short-term guidepost for decisions,” he says. loans for the one- to four-family asset class,” Rodak says. That specialization has allowed the FUNDTHATFLIP.COM