New Deals
In February we submitted 110+ offers, which is honestly an insane number and a huge credit to our new deal analyst for cranking them out, the most we have ever done! One has been accepted, which shows how competitive and also tough the market is right now, but getting that many offers out is a big win and it is only a matter of time before some more land. Across the businesses we also funded multiple loans through Flip Fuel Lending, and the total team under the Hammerhead Capital umbrella has now grown to 10 employees as we continue building the foundation.
Current Projects
Charlotte, NC Triplex New Development Under Contract!
We have a land deal under contract where we plan to build a side by side triplex townhome development and sell each unit individually. The land is under contract for $75,000 with construction expected to cost around $636,000 ($212k each) and projected sales around $1,026,000 ($342k each). If completed in about eight months, we are targeting a profit of $170,000 or more after all costs. We expect to close on the land in April and get construction moving shortly after. If you are interested in investing or learning about lending opportunities on this project, feel free to reach out! More information to come!
Land Assignment Deal for Sale!
Our cold calling team secured a strong waterfront land opportunity on Lake Wylie in Belmont, NC. The lot sits in a custom home community with ARVs over $1M and is ready for a build. The perc test has been completed and confirmed the property supports a 3 to 4 bedroom home, which significantly strengthens the deal. The price has recently dropped to $39,900, creating an even better opportunity now that the major due diligence items are cleared. The property is currently being marketed, so if you are interested in 8116 Bayview Ln in Belmont, NC, reach out for more details.
Check out the property here: 8116 Bayview Ln, Belmont, NC
Charlotte, NC Fix and Flip and New Construction Underway!
Our Charlotte “two for one” project, which includes a fix and flip plus a new build, is finally gaining strong momentum. What started as a projected $120,000 profit turned into a bit of a roller coaster with foundation issues, septic surprises, grading hurdles, and even some driveway related permit delays. We jokingly started calling the project “Break Even,” because real estate definitely has a way of keeping you humble.
The good news is the new build is now moving along quickly with permits secured and construction progressing, and the fix and flip has finally pushed past the permit hold ups that slowed things down earlier.
With those hurdles behind us, we are now moving forward quickly on both sides of the project. The goal is to have the break even property fully completed by mid to late April and ideally listed for sale in May. This project is fully funded, and we are grateful for the continued trust from our passive investor partners as we push toward the finish line.
Charlotte, NC New Development Listing Soon!
This new build is essentially complete and ready to go, but we have been in a bit of a holding pattern for the past two months waiting on the electric company to connect power to the property.
Everything on our end is finished and we even already have the certificate of occupancy, so we are just waiting on the utility company to flip the switch so we can officially go live. Once electricity is connected, we will be listing the property immediately.
The numbers still look great with an all in cost of around $260,000 and an ARV north of $380,000. The land was owned free and clear and later refinanced into a construction loan to bring in outside capital, and the project is fully funded by our passive investor partners. Now we are just waiting on power so we can bring it to market.
Some of Our Recent Projects
32 Unit in Lancaster, SC
The refinance is complete with a 5.75% rate on a 30-year term and a $140,000 cash-out, boosting cash flow and bringing all preferred returns current. Distributions began in March 2025 with projected returns of 8–10%. Since we haven’t received an offer that meets our target after listing at $2.7 million, we’ve decided to hold and continue stabilizing. We plan to raise rents, add water and sewer back billing, partner with a nonprofit to cut taxes by over half, and work to remove flood insurance.
If all is successful, investor passive cashflow returns could exceed 15%, far above our initial projections from rent collections. This strategy could also increase the property’s value by over $600,000—bringing investors close to doubling their initial investment in equity while continuing to earn strong cash flow, setting us up for either a profitable refinance or sale in the future.
Charlotte, NC Airbnb Live!
Our new house hack renovation is officially complete and the Airbnb is now live. The property has been fully furnished and set up to create a great guest experience, and the hot tub is installed which really elevates the outdoor space. We are excited to start welcoming guests and see how it performs. This property is especially compelling because once we eventually move out of the main house, both units can be rented, significantly increasing the overall cash flow potential.
Charlton, MA Multifamily - One Building Sold Second One Refinancing!
Two months ago we sold the first building in our 7 unit property in Charlton, MA. After the second building fell out of contract, we decided to pivot and refinance instead of putting it back on the market. That refinance is now complete, and all of our investors have received their full capital back along with their profits.
The best part is we now own the remaining building with no money left in the deal while it continues to produce cash flow from the residential units and the commercial space. It is a great position to be in because we can hold the property long term, collect the income, benefit from appreciation, and decide down the road if and when we want to sell. A true win-win outcome.
Rock Hill Fix and Flip Sold!
This Rock Hill, SC fix and flip has officially sold after a full renovation, delivering strong double digit percentage returns to our passive investors. We acquired the property for $183,000 and invested approximately $100,000 into renovations, transforming the home and bringing it back to market. The property was initially listed at $369,900 and later strategically adjusted to $361,000 to drive buyer activity and secure the sale.
The deal was fully funded by private capital, and our investors have already had their capital returned along with strong returns. We are grateful to our investor partners for helping bring this project to life and share in a well executed outcome.
You can view the before and after transformation HERE!
Mint Hill, NC Fix and Flip Sold!
Our Mint Hill, NC fix and flip has officially sold after going under contract in less than 24 hours of listing, delivering strong double digit percentage returns to our passive investors. The renovation turned out exactly as planned and the property sold for $349,900. This project was fully funded by private capital, and our investors have already had their capital returned along with strong double digit returns. Another clean example of disciplined underwriting, efficient execution, and protecting the downside.
Charlotte, NC Fix/Flip Sold!
Our Charlotte fix and flip is officially sold, and we are happy to have this one off our books. We bought it off market, invested into upgrades, and had a strong appraisal, but delays with the subdivision process pushed our listing into a softer market and forced several price adjustments to stay competitive.
Even so, this project still worked out thanks to the new build opportunity created through the subdivision. Strong underwriting and multiple exit strategies turned a challenging flip into a long term win.
