Lendai, the leading AI-based fintech portfolio lender, partners with Lendlord to bolster non-US investing in the US residential real estate market
Miami, Florida – May 12, 2022
Lendai, a FinTech direct lender offering a lightning-fast online loan approval process, announced today its partnership with online portfolio management company, Lendlord. Lendai is signaling its continued growth by partnering with Lendlord, which provides users a platform to manage, track and optimize their property investments – giving users further control over their accounts. By working with Lendlord, Lendai can provide foreign investors greater oversight of their portfolios than ever before.
According to the National Association of Realtors, 82% of UK non-resident real estate buyers pay their US investments with all cash deals, suggesting a lack of access to the US real estate market to those who cannot buy all-cash. Lendlord customers will be able to utilize Lendai’s unique AI-based lending platform to gain a pre-approval letter within minutes. Lendlord’s platform together with Lendai will enable UK investors to have access to a range of financing tools for their US property investments, and in so doing, offer them the ability to: purchase new properties, equity release from existing properties, increase the value of US properties they can afford. This will provide more value to the investors and help protect their investment from inflation.
“Lending is a complicated process. With many steps needed to obtain a loan and an even further complicated process if you are not a US resident,” said Yair Benyamini, Co-Founder and CEO of Lendai. “At Lendai, we’re pioneering a better way forward and creating opportunities for UK buyers to finally gain easy access to US financing. This partnership will save buyers time, money, and provide visibility and optimization tools through the life of the property – it’s really a significant opportunity for UK investors.”
“The Covid-19 pandemic created a shift in the real estate market, leading to an increase in the use of digital investment tools,” said Aviram Shahar, CEO of Lendlord. “Together with Lendai, we are excited to provide investors a better understanding of the market today, as well as a customized financial platform tailored to each user. This partnership will allow us to significantly shorten the real estate investment process, while seamlessly integrating it with portfolio management.”
Lendai is a fintech direct lender financing US properties for foreign investors. We are changing an outdated trillion-dollar market by utilizing technology to level the playing field for global investors in the US residential real estate market. Lendai’s tech-based approach, which utilizes only recently available data points, simultaneously evaluates all loan aspects, resulting in quick approval times of as little as 5 minutes to pre-approve a loan and full approval within 14 days.
Lendai enables its customers to achieve their financial goals through digital solutions that create a simple, fast, and efficient online financing process. Our unique AI algorithms and an online platform are transforming the way foreign investors access US financing. The platform utilizes its proprietary Triple Digital Underwriting System, which assesses the creditworthiness of foreign investors, the likelihood of recouping money should the borrower default, and the value and cash flow of the property at present and in the future.
Lendai was founded in 2019 by a team of fintech, machine learning, and underwriting experts and is a rapidly growing global tech company with offices in the US, Canada, UK, and Israel, serving clients from four continents.
To get a lightning-fast approval for your next loan or partner with us please visit: lendai.us/contact-us/