Frequently Asked Questions
Here you’ll find many of the questions we receive each day
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Who is LendingOne?
LendingOne is one of the country’s largest national direct private lenders. We are not a bank or a hard money lender, we are a national non-bank lender. We were founded in 2014, after the financial crisis, to help serve the unique needs of real estate investors. We are privately owned, backed by a family office and have institutional capital partners.
Where is LendingOne based?
LendingOne is headquartered in Boca Raton, FL. We have regional offices in Dallas, TX, and Los Angeles, CA. We have loan advisors throughout the country and service 43 states.
Who are LendingOne's clients?
We help part-time investors, large landlords, developers and real estate funds, all with the same passion for success.
Are you a mortgage lender?
We are a specialized mortgage lender. We only lend to real estate investors and don’t provide any conventional loans like Quicken or Wells Fargo. We 100% focus on investors and the unique needs that they have in running their business.
Are you hard money?
We don’t think so. We are a direct national non-bank lender that specializes in lending to professional real estate investors. We are cheaper than hard money and a little more expensive than a bank. We are easier than a bank and ask for less documents, but are cheaper than hard money since we ask for a few more documents.
What is a Fix and Flip loan?
A fix-and-flip loan is a short-term mortgage used to acquire a property quickly that includes financing the repairs. Generally they are 12-24 month loans used until the the property is resold or refinanced.
Who needs a fix-and-flip loan?
Anyone buying properties at a discount that need repairs or rehab our a typical customer for us.
Do you fund the repair costs?
Yes, we specialize in fix-and-flip lending that includes Repair Costs. We will lend on the purchase and usually 100% of the rehab costs.
How are construction draws handled?
Our borrowers request a draw. Within 48 hours, a 3rd party inspector goes to the property to see the work completed. After the inspection, the funds are released and wired to the borrowers account. There is a typically a $175 charge for each draw that is deducted from the draw amount.
What is a rental loan?
A Rental Loan is a long term loan on an investment property. It is underwritten primarily against the property value and the cash flow of the property itself.
Who needs a rental loan?
This loan is tailored towards both small and larger operators who have one or more rental properties that are successfully producing cash flows sufficient to pay a mortgage. We offer both purchase and refinancing options.
How much documentation do I need to provide?
Each type of loan have different documents we might need. We try to only ask for documents we really need and keep it simple. You can look at each loan program page to see what you need.
Am I too large of an investor to be working with LendingOne?
Probably not. We have clients that are real estate funds, family offices and national investment platforms. We have completed loans over $30M and have lent over $100M to a single client.
Am I too small of an investor to work with LendingOne?
Probably not. We pride ourselves on being able to work with all investors and enjoy supporting people as they grow. We have different loans and divisions that specialize in particular loans and investor types. So the short answer is if you already own at least one investment property we will work with you.
Do you work with 1st time investors?
Sorry, currently we only work with investors that have at least completed 1 investment in the past. We typically recommend a local lender for your first investment.
What states does LendingOne currently lend in?
LendingOne provides lending in all States and District of Columbia except Alaska, Nevada, North Dakota, South Dakota, and Utah.
How do I qualify for a loan?
Each of our loans have slightly different requirements. We recommend reviewing the FAQs by each loan type. In general, we are going to be more flexible than a bank, but still do have requirements that are different than a local hard money lender.
Is there a minimum credit score?
Yes, and it depends on the loan type. In general, we require a 680 credit score.
Do you offer 100% financing?
We offering very competitive leverage, but do not offer 100% financing. We suggest looking for a partner or a local private lender.
Can I schedule a call with a loan consultant?
Yes, please give us a call and one of your loan advisors will be able to help
How to make payments?
We contract with independent national servicers to collect payments. All of our loans are on ACH for your monthly payments.
How do I pay off my loan?
To request a payoff, please request directly from our servicer that has been sending statements. You may also contact firstname.lastname@example.org with any questions.