Originators.

Flipside Lending is a California-based residential private credit platform specializing in Residential Transition Loans (RTLs).

The firm provides financing to professional residential developers across the United States, supporting property acquisition, construction, renovation, and bridge financing.

As Housd's inaugural originator, Flipside originates and services the underlying loans held within Housd vaults.

• Founded: 2021
• Headquarters: California, United States
• Asset Class: Residential Transition Loans (RTLs)
• Loan Types: Fix-and-Flip, Ground-Up Construction, Bridge Financing, Residential Investment Loans
• Role: Primary Loan Originator & Servicer

Flipside Lending primarily originates loans throughout California, one of the largest and most active residential investment markets in the United States.

Future expansion includes additional high-growth residential markets across the country.

Flipside's leadership team brings more than 30 years of residential lending experience, with expertise spanning loan origination, underwriting, servicing, capital markets, and institutional private credit.

The platform has successfully financed residential projects across multiple market cycles.

Flipside is led by experienced professionals with backgrounds in:

• Residential Lending
• Credit Underwriting
• Real Estate Development
• Construction Finance
• Capital Markets
• Loan Servicing

Together, the team manages the complete lifecycle of every loan—from underwriting through repayment.

Flipside maintains a diversified portfolio of residential credit across hundreds of projects.

The portfolio consists primarily of:

• First-lien Residential Transition Loans
• Professional residential developers
• Short-duration financing
• Asset-backed lending

All loans are actively monitored throughout their lifecycle.

Capital preservation is the foundation of Flipside's underwriting philosophy.

Historical Performance

• $150M+ Capital Deployed
• 0% Historical Defaults*
• 36 Months of Payout History

*Historical performance does not guarantee future results.

Since inception, Flipside has deployed more than $150 million into residential private credit opportunities.

Capital has financed residential acquisition, construction, renovation, and bridge lending across numerous completed projects.

Typical loan characteristics include:

• Average Loan Size: $250,000–$2,000,000
• Typical LTV: 65–70%
• First-Lien Security
• Professional Developers

Loan sizing varies depending on project scope and borrower profile.

Residential Transition Loans are intentionally short-term. Typical duration ranges from 6–18 months.

This allows capital to recycle efficiently while reducing long-term interest rate exposure.

Representative projects include:

• Single-family Fix-and-Flip
• Ground-Up Residential Construction
• Build-to-Sell Developments
• Residential Bridge Financing

Each project is secured by first-lien residential real estate and underwritten according to Flipside's credit standards.

Future versions of this page will include anonymized examples with property images, loan terms, repayment history, and project outcomes.

Every loan undergoes a comprehensive underwriting process before capital is deployed.

Evaluation criteria include:

• Borrower experience
• Creditworthiness
• Property valuation
• Loan-to-Value (LTV)
• After Repair Value (ARV)
• Construction budget
• Exit strategy
• Market conditions
• Title and legal review

Only loans that satisfy Flipside's underwriting requirements are eligible for inclusion in Housd vaults.

Every loan originated by Flipside is integrated into Housd's proprietary Loan Management System.

Investors receive complete transparency into:

• Individual properties
• Borrowers
• Loan status
• Payment history
• Outstanding principal
• Interest accrual
• Portfolio performance

This level of loan-level visibility is designed to provide institutional-grade reporting for every investment made through Housd.