New Deals in the Pipeline

In July, we submitted 37+ offers, which is lower than normal, but there is a reason behind it. We are focusing more on new development/subdivision deals that are larger, so these have longer underwriting periods and there are fewer to comb through compared to fix and flips. We did get one offer accepted though, which will be our biggest project to date! We have a few very exciting deals that are still in negotiation as well. We are proof that this market right now and always really is a numbers game, but if you put in the work you can still succeed. You can not get deals without making offers! The market is tough, really tough to buy correctly, but the volume and systems are there, so it is only a matter of time until the dominos start falling. On the lending side, Flip Fuel Lending also closed a few loans and has a few more loans in progress as well making some good momentum!

Written by Hammerhead Capital Inc.