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For Immediate Release:
June 26, 2017
LendingOne Closes Series A Funding, Investors Include Ron Suber, Richard Vague, Sidney Brown and Michael Heller
Boca Raton, FL: LendingOne, one of the nation’s fastest growing online lenders for real estate investors, announced today it closed a Series A financing round. Investors include Ron Suber, a prominent fintech investor and President of Prosper Marketplace, Richard Vague, co-founder and former CEO of two credit card companies, First USA and Juniper Financial, Sidney Brown, CEO of NFI Industries and former Chairman of Sun National Bank, Michael Heller, CEO of Cozen O’Conner, a national full-service law firm, along with LendingOne founder and CEO, Bill Green.
“We’ve formed a fantastic group of investors to help launch LendingOne to the next level,” Bill Green said in a statement. “With this investment, LendingOne can continue our rapid growth while further investing in our proprietary technology, geographic expansion and new product development.”
About LendingOne
LendingOne is a direct private lender that specializes in real estate investment loans for non-owner-occupied fix-and-flip and residential rental properties. Through its user-friendly online application, LendingOne has streamlined the overall lending process and made it quicker and simpler for investors seeking to finance their next real estate investments.
Contact: Jaime Arouh
Vice President of Capital Markets
561-325-8224
jarouh@lendingone.com
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*.
Get an instant rate in 2 minutes or less!
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.