Lendai specializes in foreign investors who want to invest in the US real estate market.
The process starts by filling out the contact us page. Once you leave your details, someone from Lendai’s Costumer Success team will contact you to continue your application. Click here to start the process.
Lendai finances the following type of properties: Single families, 2-4 door units, townhouses.
A Lendai Partner is any real estate professional that works with foreign investors and wants to offer their clients this financing tool.
If you are a real estate professional, you can reach out to us via de contact us and one of our Partner Success Executives will contact you. Click here to leave your details.
Currently, we finance properties in the following US States:
Alabama, Arizona, Florida, Georgia, Indiana, Michigan, Missouri, North Carolina, Ohio, Oklahoma, Pennsylvania, South Carolina, Tennessee, Texas, and Wisconsin.
Lendai is constantly expanding and adding to the list additional states.
If you are a real estate professional, that operates in other states, please leave us your details here so we can contact you as soon as we begin operating in your area.
No, Lendai is a tech oriented direct lender. We underwrite, finalize, and fund the loans.
We lend on single family homes, townhouses and 1-4-unit residences.
No. Our terms are competitive and designed for a 30-year loan.
No. Hard money lenders usually fund short-term high-risk deals.
No. This is a business financing that is provided in the US, and is therefore not related to your personal credit rating in your origin country.
Using our state-of-the-art algorithms, we know how much the asset is worth. Still, we send an appraisal to the property to make sure that its in the condition that was reported by the investor.
No. All chargers are deducted from the loan amount, aside from the appraisal fee which is paid directly to the appraisal company.
Pre-approval process usually has a fast turn-around. Through our proprietary technology, Lendai can provide a Pre-Approval letter in as little as 48 hours.
A term sheet can be received in as little as 5 minutes.
Yes, it is required to hold the property through a US entity (such as LLC, LLP, LP, C-corp, etc.), as is the practice of most professional investors.
Given the fact that we work on a Go/No-Go basis, the terms should not change as long as the information that was provided was accurate. The final loan offer will be based on the appraisal report.
As part of the closing process, you will be asked to fill in an ACH, which will set your automatic payment from your account of choice.
Every investor has a designated Costumer Success Manager that will handle his/her file and accompany him/her throughout the process.
We offer: New Purchase Loans, Cash-Out Refinance Loans, Standard Refinance Loans, and Portfolio Loan.
In addition, we provide Pre-Approval letters.
We are currently working on financial solutions for Short-Term Rentals, second homes, and other real estate investments. Click here to be notified when new type of loans are available.
The loans are given for a period of 30 years.
Lendai is a lender that focuses on Super Prime loans so we offer our clients good terms and a short procedure. The scope of financing is based on the value of the property, the expected rent and other variables.
The documents required may vary according to your origin country and your employment. The documents we require allow us to confirm your identity and verify your income.
In most cases, we require the property to be professionally managed (operation and maintenance). Self-managed properties will be subjected to further inquiry.
Property & Liability insurance, and flood insurance where needed.
In a New Purchase Loan, it is possible to finance a property that is not currently rented. However, the property needs to be in good conditions and ready to be leased within 60 days.
No, Lendai’s proprietary technology allows us to cross border finance with the help of documents from your origin country.
No, we specialize in financing for foreign investors and therefore do not need an SSN.
No, given the fact that Lendai only lends to local US entities (LLC, LP, LLP, etc.), all you need is the EIN of the US entity.
Lendai finances properties with up to five members per US entity.
If your US entity has more than five members, please contact us to check possibilities.
Please note that if the closing is expected to take place in the upcoming two weeks, you may need to postpone it by a few days or apply for financing after the purchase.
Lendai only requests you pay for the Appraisal Report, which will be paid directly to the appraisal company.
No, every investor receives the same offer that is based on Lendai’s Proprietary Underwriting System.
No, Lendai has no hidden fees. The 2% origination covers all fees related to processing, underwriting, and originating your loan.
In exchange for a one time and up front fee, Discount Points lower your interest rate and your monthly payment . Over the course of a 30-year loan, these Discount Points can save the borrower a significant amount of money. The Discount Points are totally optional for the borrower. Lendai follows the US standard pricing procedure of Discount Points.
Each discount point paid lowers your interest rate by 25 basis points (0.25%) for the entire 30-year duration of the loan. The more points you have, the more you save on your loan payments throughout the loan term. Buying discount points is best suited for investors who intend to hold the property for a long period of time.
Lendai needs to make sure that the property’s tax bills and insurance premiums are fully paid on time. Lack of payments can create a tax lien which can lead to foreclose of the property by the authorities. If you do not pay the insurance, then the house is not covered in case of damages. Lendai and you are then excluded from coverage and may lose part/all of the investment.