RARE! America's Largest Fix & Flip Operator & Lender -$9.4M EBITDA!!

Business Has Experienced Exponential Growth YoY!

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BUSINESS SUMMARY:

Since the Company’s founding in 2006, it has focused on delivering a product that meets the demands of today’s homebuyers. Most of the homes sold by the Company, both Fix & Flip Homes and New Home Builds, sell at a price that is below the median sales price for homes in that housing market. The Company prides itself having been on the forefront of playing a role in the evolution of the foreclosure industry, which went from an industry nobody talked about to a robust segment of the real estate market.

Historically, the Company has purchased distressed homes in secondary and tertiary real estate markets. The Company has a thorough, rigorous, well-defined qualification process for purchasing high quality real estate at a discount. By buying, redeveloping, and selling distressed homes for over 19 years, the Company had been actively engaged in the revitalization of neighborhoods, and increasing neighborhood property values.
Due in large part to government measures instituted during the COVID-19 pandemic, beginning in 2020, the Company expanded into building new homes and developing land into buildable lots to be sold to publicly traded home builders.

Today the Company is the nation’s largest fix & flip operator with having sold 3,700+ homes & averaging selling 300 homes a year across 30 states. The Company has also achieved rapid growth in the land development space and new home build space with having sold 300+ homes.

COMPETITVE ADVANTAGES:

- With the Company being the largest fix & flip operators in the United States, the scalability of their model is endless & can grow significantly with additional capital.

- The Company has strong rapport and partnerships in place with the most talented fix & flip investors in the nation. The investors are loyal to the Company due to the innovative funding solutions it provides, coupled with a full suite of back-office support, allowing experienced fix & flip investors to reach their growth goals faster and easier.

-Due to the nature of the Company’s partnerships with local operators, they can reduce financial risk since the property is an asset of the Company rather than the local operator. This, coupled with Company’s hands-on experience in managing Fix & Flips themselves, creates a unique business model that enables consistent, strong performance and an impressive growth story

- The Company has not only mastered one of its core fix & flip business models, but it now has expanded it to provide financing and ready-to-live conditions, for owner-occupied home buyers.

-The Company has a well-diversified revenue model that allows them to monetize from selling fix & flip homes, providing land development for publicly traded home builders, selling new home builds, & providing financing solutions to new home buyers.

-The Company has very high employee satisfaction. All employees are part of a tight-knit working team with tenure ranging between 8 and 17 years. The Company has been named one of 100 Best Places to Work 7 times since founding.

-The Company only enters into relationships and deal where there is reasonable assurance of at least an 18% per annum return on capital. This enables safe and steady growth and avoids risky properties. Higher volume with slightly lower margin (13% - 16%) presents a significant future growth opportunity.

-The Company has impressive financials to date. The TTM Profit & Loss through June 2024 shows revenue of $55.7M and adjusted EBITDA of $9.4M.