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For Immediate Release:
July 20th, 2016
LendingOne Announces 30-Year Fixed Rate Loans for Real Estate Investors: RentalOne
Boca Raton, FL: LendingOne, one of the nation’s fastest growing online lenders for real estate investors, announced today its newest loan product: RentalOne. Designed exclusively for real estate investors, RentalOne is available as a 30-year fixed rate loan for the purchase of a new property, or for the refinance of an existing property, including cash-outs up to 70% LTV. Rare in the direct private lending sector, this 30-year fixed rate loan is changing the game on how investors finance their investments and grow their real estate portfolios.
“We are excited to offer real estate investors a turnkey solution to be able to buy a property, renovate it and then turn it into a long-term 30-year loan,” said Matt Neisser, COO of LendingOne. “We always talk about growing portfolios, so we created a 30-year rental option that only a few companies in the country can offer.”
“As a former real estate investor myself, I understand the issues small to mid-sized real estate investors face in profitably growing a portfolio of rental homes,” said Bill Green, CEO of LendingOne. “Our new RentalOne loan product was designed to provide real estate investors with a 30-year loan at a fixed rate starting as low as 6.49% with no adjustments over time, so investors can lock in that same 30-year rate and always know exactly what they will be paying.”
The RentalOne product is an ideal choice for those who currently own or are looking to purchase single family and 2- 4 unit properties. Offering LTVs of up to 75%, investors can refinance their current rental properties with this loan and increase monthly cash flow thanks to these competitive rates.
With no hurdles and a completely online process that makes pre-approval significantly faster and easier than a conventional lender, investors can close their RentalOne loans with LendingOne in as little as 15 days as opposed to months. This loan focuses on the property’s value and monthly cash-flow instead of the borrower’s income and credit. RentalOne loans can be paid off after 2 years with no pre-payment penalties, which offers investors complete flexibility. In addition to the 30-year fixed rate loan, RentalOne is also available as a 5/1 or 7/1 hybrid adjustable rate mortgage.
About LendingOne
LendingOne is a direct private real estate lender that specializes in providing investors with fix-and-flip and buy-andhold loans for non-owner occupied residential properties. Through direct access to its own capital and a user-friendly online application, LendingOne has streamlined the overall lending process and made it quicker and simpler for investors looking to finance their next real estate investments.
Competitive Rates on Fix and Flip Loans
With attractive rates and up to 90% Purchase & Rehab Costs, these loans are a great way to start expanding your real estate projects. LendingOne fix-and-flip loans begin at $75K*.
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appraisal and other underwriting requirements.
“We felt that they were real knowledgeable people, it wasn’t just an online lending portal. We closed two weeks earlier than our contract. We anticipate doing 7-10 fix-n-flips a year with LendingOne.”
— Jody and Stephen, Indiana Investors
Fix and Flip Financing FAQs
Review our FAQs to get more details about our lending parameters.
What types of properties are eligible for Fix and Flip loans offered by LendingOne?
The following property types are eligible for our Fix and Flip loans:
- Single Family Residence (SFR)
- 2-4 Unit Properties
- Condominiums
- Townhouses
What type of Fix and Flip loan rates are offered by LendingOne?
LendingOne offers competitive Fix and Flip loan rates. All rates are based on the individual property and borrower. Call us to learn more.
What are the loan amounts for Fix and Flip loans offered by LendingOne?
LendingOne Fix and Flip loans have a minimum loan amount of $75K. (Exceptions Granted).
Do you lend on construction or repairs?
Yes, LendingOne specializes in providing fix/flip loans that include both the purchase and repair costs as part of one loan.
What states does LendingOne offer its Fix and Flip loan products?
LendingOne provides lending in all States and District of Columbia except Alaska, Nevada, North Dakota, South Dakota, and Utah.
What type of documentation is required for LendingOne's Fix and Flip loans?
We look at things very differently than a bank and rely mostly on your real estate experience and other common-sense factors when making decisions.
LendingOne will ask for the following documents for Fix and Flip Loans.
- Sales Contract
- Construction Budget
- 1-month bank statements
- A list of properties you currently own (an REO Schedule)
- LLC Operating Agreement
Do you lend to Companies or LLC's?
Yes, we only lend to real estate companies. Our Fix and Flip loans are available to the following borrowers:
- LLCs
- Limited Partnerships, General Partnerships
- Corporations
Do you lend to people from my Country?
Our Fix and Flip loans are available to the following borrowers:
- U.S. Citizens
- Canadian Citizens
- Permanent Resident Aliens
Can I receive financing for a residence that I'm looking to live in?
No. LendingOne provides commercial only loans that are non-owner occupied (investment) properties.
Is there a prepayment penalty?
No, there is no prepayment penalty on our 12-month Fix and Flip loans.