Hammerhead Capital Inc.
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December 2025 Newsletter - Hammerhead Capital Inc.

December 2025 Newsletter - Hammerhead Capital Inc.

Thank you for following along as we continue to grow and invest with purpose. Hammerhead Capital, founded by Wendell Butler, is a diversified real estate holding company focused on value-add opportunities across multifamily, fix-and-flips, land development, rentals, new construction, lending, and wholesaling. Our portfolio includes 47+ units across MA, NC, and SC, with multiple active projects underway. Hammerhead Capital is the sole owner of Flip Fuel Lending LLC and a part owner of Tide & Timber Ventures LLC, both fueling our mission to build long-term value through strategic, numbers-driven investments. We appreciate your continued support as we scale with discipline and purpose.

Wendell Butler
December 05, 2025

Hammerhead Capital Activity

NEW DEALS IN THE PIPELINE

In November, we submitted around 10+ offers and did not get any deals under contract, which is rare for us, but intentional as we shift focus toward tightening systems and preparing for a major scale up in 2026. We are still in negotiations with a few new deals, so stay tuned if those come around before the end of the year! Flip Fuel Lending has multiple loans in process and brought on a new loan officer to help handle the growing demand. Tide and Timber Ventures hired a new transaction coordinator who is currently onboarding and we are now searching for a deal analyst to support our acquisition goals. I also hired a social media manager to revamp my personal brand and elevate the visibility of all the businesses. Across everything we are building, we now have eight employees, with more positions still open as we continue strengthening our foundation. The Charlotte market is competitive, but we are staying disciplined and focused on building the structure that will let us move faster and execute at a higher level heading into the new year.

Land Assignment Deal for Sale!

Our cold calling team locked up a strong waterfront land opportunity on Lake Wylie in Belmont, NC. The lot is build ready in a custom home community with ARVs over 1 million dollars. We are currently getting a perc test done to increase the land’s value and help us move it faster. The price is still 70,000 dollars for now, but it will increase once the perc results come back. We should have updates soon and plan to bring it back out to buyers in the next couple of weeks.

If you want details on 8116 Bayview Ln, reach out before it goes live again. Check out the property here: 8116 Bayview Ln, Belmont, NC.

CURRENT PROJECTS

Mint Hill, NC Fix and Flip Renovations Moving Smoothly!

Our Mint Hill, NC fix and flip is nearly complete and already looking amazing. We are just a few weeks away from wrapping the project, and I cannot wait to show the before and afters. The appraisal came in at 345,000 dollars, and our 52,000 dollar renovation budget came in well under the original projection, pushing our expected profit above 80,000 dollars.

The project is fully funded thanks to our passive private investors, and we are excited to bring this one to market soon.

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Charlotte, NC Fix and Flip and New Construction Underway!

We recently picked up a “two for one” project in Charlotte, a fix and flip plus a new build. What started as a $120,000 projected profit turned into a challenge with foundation issues, septic surprises, grading hurdles, and even driveway drama. We’ve officially nicknamed it “Break Even,” because real estate has a way of keeping you humble.

The good news is we have fixed the foundation and completed as many cosmetic updates as possible while addressing those issues. Now we’re full steam ahead to finish the renovation and get the cosmetic improvements rocking. On the new build side, we are officially approved to build, permits are secured, and we’re excited to see the home go up quickly. This project is fully funded, and we’re grateful to our passive investor partners for their continued trust and support. Every challenge brings a lesson, and we’re focused on finishing strong and delivering results.

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Charlotte, NC New Development Close to Complete!

This new build is moving quickly and is on track to be completed by mid December. The framing, rough ins, insulation, drywall, and siding have all come together smoothly, and we are heading into the final phase with finishes, paint, kitchen, bathrooms, and floors. With an all in cost of around 260,000 dollars and an ARV north of 380,000 dollars, the numbers are still very strong. Since we owned the land free and clear, we refinanced into a new construction loan to bring in outside funds and keep everything moving efficiently. This opportunity is fully funded thanks to our passive investor partners, and we are excited to list this one in the new year and show the final product.

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Charlotte, NC Airbnb House Hack Under Renovations!

Our new house hack renovation is about 95 percent complete, with nearly everything furnished and ready to go. We’re just wrapping up a few final touches and planning to buy a hot tub — which, as it turns out, are pricey even for the “cheap” ones. Once that’s in place, we’ll be ready to launch the Airbnb, get our systems running, and start generating strong returns.

This property is especially exciting because once we move out, both units can be rented, creating even stronger cash flow potential. We’re confident this will be a standout Airbnb and will share before-and-after photos and the listing link soon.

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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 change direction and refinance instead of re listing. With the refinance, all investor capital will be returned, and we will pull out around 25,000 dollars in pure profit with zero money left in the deal.

From there, we will hold the property long term. It will cash flow, the commercial space will stay rented, and we get to benefit from future appreciation. A true win win: profit back to us now, and a strong rental asset producing income for years to come.

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New Rock Hill, SC Fix and Flip Listed!

This flip is now complete and officially listed. The project went smoothly from start to finish, and we will be sharing a full before and after video soon. For now, you can check out the live listing below. We acquired the property for 183,000 dollars, invested about 100,000 dollars into renovations, and are targeting a sale of $369,900.

The deal is fully funded, and we are grateful to our passive investor partners for helping bring this project to life. Check out the listing here: Click here to view listing

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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.

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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.

Introducing Our Team Members!

CLAIRE

Claire is our incredible executive assistant who consistently goes above and beyond to tackle any request. Her multitasking abilities allow us to focus on sourcing new deals and growing the business. From crafting this newsletter to managing website updates, scheduling, and communications, Claire is essential to our daily operations. Without her, we'd be lost. We’re truly grateful for her unwavering support and continuous growth!

IVY

Ivy is our talented marketing specialist who elevates our project updates, ensuring social media posts are polished, videos and photos are expertly edited, and our podcast is curated to perfection. Her contributions are key to shaping our brand and expanding our reach—without her, many of you wouldn’t know who we are. Ivy is an invaluable member of our team, leading brand management and keeping us engaged with our audience.

GAYLE

Gayle joins us as our new social media manager, bringing creativity, strategy, and a strong understanding of digital branding. She will lead the effort to grow Wendell’s personal brand and expand the online presence of all our businesses by managing content planning, editing, and platform optimization. Gayle’s ability to turn day to day operations into engaging, consistent content makes her a perfect fit for where we are headed as we continue to scale and increase our reach.

MELVIN

Melvin handles all bookkeeping across our businesses, ensuring our financials stay accurate, organized, and up to date. He plays a key role in keeping our books clean, managing monthly reporting, and making sure every transaction is accounted for. His attention to detail and consistency allow us to make better decisions, stay compliant, and keep our operations running smoothly. Melvin is an essential part of the team, helping maintain the financial clarity needed as we continue to scale.

New Business Partnership Born!

After months of successful collaboration with Brian Wolf of Wolf Dens & Dwellings LLC, we’re excited to announce the launch of Tide & Timber Ventures LLC. This new partnership is focused on fix-and-flip projects, with plans to flip around 30 properties annually in the Charlotte, NC area. They say if you want to go fast, go alone—but if you want to go far, go together. We’re thrilled about the future and the countless opportunities this partnership will bring!

To learn more about what we offer, or to reach out directly, visit tidetimberventures.com

Flip Fuel Lending Born!

This month we officially launched Flip Fuel Lending, a company built to provide investors with fast, reliable, and creative lending solutions to fuel their deals. We’re excited to grow this venture and bring amazing financing options to investors who want to scale their real estate businesses with confidence.

To learn more about what we offer, or to reach out directly, visit flipfuellending.com. We’re also hiring Loan Originators, so if you’re interested in joining a dynamic, investor-focused team, we’d love to hear from you!

Real Estate News!

Fix and Flip Market Update

Charlotte’s fix and flip market in November stayed steady but continued to show signs of cooling. Median home prices remained in the mid to upper 300s and low 400s, and average days on market stretched slightly as buyers became more selective heading into the holidays. Inventory continued to rise, which eased buyer urgency and created a more competitive environment for sellers and investors. Demand for well renovated homes is still solid, but higher interest rates and longer hold times mean investors need to be even tighter on numbers and more patient with timelines. Margins are still there, but they favor disciplined operators who underwrite conservatively, manage costs well, and stay flexible with their exit strategies. Overall, November reminded us that even in a shifting market, the best opportunities still belong to those who adapt, stay patient, and execute with precision.

Mortgage Rate News

In November, the U.S. mortgage market showed continued signs of easing. The average 30 year fixed rate held steady in the low to mid 6 percent range, marking a gradual retreat from the higher volatility seen earlier this year. While rates are still elevated compared to historic lows, this consistency has helped restore confidence for both buyers and investors. Industry forecasts still project rates trending toward the low 6 percent range by 2026, which could create opportunities for refinancing and an uptick in overall market activity. November brought a sense of cautious optimism, with the lending environment slowly moving toward greater stability and predictability.

Podcast Spotlights!

I recently joined the podcast The Real Estate Lens by Ryan Richards as a guest, where we dug deep into my journey from corporate payroll sales to full time real estate investing. We talked about what it really takes to scale a business, including building the right contractor network, establishing systems, delegating effectively, and staying disciplined in competitive markets.

If you want to hear how I think about deals, growth, and long term vision across Hammerhead Capital, Flip Fuel Lending, and Tide and Timber Ventures, this episode gives you the inside look. From Payroll Sales to Full Time Real Estate Investor with Wendell Butler

New Charlotte, NC Networking Events Loading!

Welcome to The Hive: CLT Entrepreneurs Network — a curated community for investors, builders, and bold thinkers in Charlotte.

Here, real estate pros, startup founders, lenders, and service providers connect to share deals, spark partnerships, and scale together. While rooted in real estate, we welcome innovators from all industries ready to collaborate and grow.

We host monthly meetups and quarterly mastermind getaways—mixing business with connection and strategy. If you're in the Charlotte area and haven't joined yet, check out the group below and plug into a network built for bold thinkers.