Backflip

Backflip is a real estate financial technology company founded in 2020 that provides financing and free deal-analysis tools to residential property investors, in particular those renovating and reselling single-family homes, condos, duplexes, triplexes and fourplexes. The company connects entrepreneurs with sophisticated capital, offering fix and flip loans, DSCR rental loans, home equity loans and new construction financing. Its fix and flip product is offered with no upfront lender fees and forms part of more than $390 million in total loans funded, across more than 44 states.

Alongside its lending business, Backflip operates a web platform and mobile app that allow investors to analyse deals, pull comparables, run the numbers and fund their transactions in one place. The analysis tools are provided free of charge. The technical work spans fintech and proptech, real estate investment software, web and mobile application development, and deal-analysis and comparables tooling.

The company describes its mission as modernising residential real estate investing. It states a position that enterprising deal-makers should not be constrained by outdated systems, lack of funds or predatory practices, and frames its lending terms and free tools as a means of supporting investors who rejuvenate housing stock in local communities.