New Deals in the Pipeline

Since going all in on new development and subdivision deals, we’re building momentum. We put out 25+ offers last month and now have 1 new deal under contract, plus a few more in negotiation that I’m fired up about. We also walked away from a second deal under contract after due diligence turned up issues, which is exactly what due diligence is for. These deals take longer to underwrite, but the quality is much higher and the competition is a fraction of what it is on flips. It’s still a numbers game, and the dominoes are starting to fall. On the lending side, Flip Fuel Lending closed a few more loans this month, with several more in progress.

Written by Hammerhead Capital Inc.