Fund That Flip to Locate Sales and Back-Office Operations in Cleveland
Company Part of Growing FinTech Industry in Northeast Ohio
CLEVELAND, Ohio, July 31, 2017 – Fund That Flip, a technology, real estate and financial service company dedicated to providing real estate developers with new sources of capital and software, has announced plans to locate their sales and supporting back-office operations in Cleveland.
Fund That Flip CEO, Matt Rodak, a John Carroll University Alumnus, cited the business-friendly environment in Northeast Ohio as a key decision-making factor for selecting Cleveland, “As our business has grown exponentially over the last 18 months, we began looking for strategic markets to grow our sales and back-office functions. Cleveland offers a broad base of high-quality talent in a much more cost-efficient environment than New York City.”
The company currently has a presence with a few employees here and intend to add 25 additional employees. “Northeast Ohio has a very vibrant financial services industry that includes leading banks and insurance companies as well as providers of products and services to the industry. It is an ideal location for growing FinTech companies like Fund That Flip,” said Bill Koehler, CEO of Team NEO. “We are delighted to work with JobsOhio to bring Fund That Flip to our region and look forward to working with our partners to help them grow and prosper here.”
“The Greater Cleveland Partnership is thrilled that Fund that Flip has selected Cleveland to grow its operations,” stated Deb Janik, the GCP’s senior vice president for real estate and business development. “We look forward to working closely with the company and our partners to ensure its long term success in Greater Cleveland.”
About Fund That Flip
Fund That Flip provides short-term loans to experienced residential real estate developers. Their loans are used to acquire and rehabilitate unlivable homes to meet the expectations of buyers and tenants, thereby restoring neighborhoods and improving communities.
Through their online platform, accredited investors are able to invest in individual loans with minimum increments of $5,000. This allows investors to passively invest and build a diversified portfolio of real estate investments, similar to buying a stock online.
About Team NEO
Team NEO is an economic development organization focused on creating jobs for Northeast Ohio’s residents. In collaboration with our partners, it leads the region’s business attraction efforts, supports business retention and expansion work as Northeast Ohio’s JobsOhio affiliate, accelerates the impact of innovation in the region, and aligns strategies and resources within the economic development network to maximize its impact. In addition, Team NEO provides tools to assist employers in attracting talent to the region. For more information, visit www.clevelandplus.com.
JobsOhio is a private, nonprofit corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion efforts. JobsOhio works with six regional partners across Ohio: Appalachian Partnership for Economic Growth, Columbus 2020, Dayton Development Coalition, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobs-ohio.com. Follow us on LinkedIn, Twitter and Facebook.
About Greater Cleveland Partnership
The Greater Cleveland Partnership, one of the largest chambers of commerce in the U.S., mobilizes private-sector leadership, expertise and resources to create attractive business conditions that create jobs, grow investment and improve the economic prosperity of the region. www.gcpartnership.com.