Rental Property Financing For Foreign Real Estate Investors
Lendai is leveling the playing field for global investors in the US residential real estate market. Thanks to our technological edge, the entire loan process is fully online from the comforts of your home, and the whole process can take as little as 14 days. We are committed to full pricing transparency and will provide you a detailed offer without hidden fees. We offer 3 loan programs for residential rental property investments:
- Rental Property Purchase – up to 70% loan-to-purchase price
- Rental Property Refinance – up to 70% loan-to-value
- Rental Property Equity Cash-out – up to 60% loan-to-value
We can also finance a portfolio of multiple residential properties – single family residence, townhomes, and 2-4 unit properties.
Please Note: We do NOT offer loans for owner-occupied homes, land, commercial real estate, or properties that need renovation.
Property Geographic Area Details
Purchase Short-Term (no Value-Add):
Transparent Pricing for Long-Term Rental Loans
Every single investor at Lendai gets the same price with full transparency and no hidden fees. We only charge a 2% Origination Fee (points) which covers all fees related to processing, underwriting, and originating your loan.Prior to funding, Lendai only requests you pay for the Appraisal Report, which will be paid directly to the appraisal company.
Discount Points Option
In exchange for a higher, 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.
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.
Discount Points Example
Assuming a $500,000 loan amount for a 30-year loan term:
- 0 discount points = $0 for the base interest rate of 7.25%
- 1 discount point = $5,000 to get an interest rate of 7.00%
- 2 discount points = $10,000 to get an interest rate of 6.75%
- 3 discount points = $15,000 to get an interest rate of 6.50%
- 4 discount points = $40,000 to get an interest rate of 6.25%
- 2-4 Units Residential
- Single Family Residence
- Residential Long-Term Rental
Specialty Loan Types
- Residential Long-Term Rental
- Residential Short-Term Rental
Max Loan-to-Purchase Price70%
Borrower Must Have Property Under Contractno
Will Provide Proof of Funds Letterno
Will Consider Lending on Purchase from Auctionno
Allowed Source of Borrower’s Equity
- Own Cash
Minimum Loan Amount$55,000
Maximum Loan Amount$1,000,000
Minimum Interest Rate6.25%
Maximum Interest Rate7.25%
Minimum Origination Fee2%
Maximum Origination Fee2%
Minimum Loan Term60 months
Maximum Loan Term360 months
Minimum Debt Service Coverage Ratio1.10
Will Lend on a Portfolio of RentalsYes
Minimum Number of Properties2
Maximum Number of Properties20
Minimum Property Value$80,000
According to appraisal company: paid directly to them.
Fees which are mandatory for all new borrower clients
- Multi-Purpose Lender Fee
- Appraisal Fee
- Escrow Fee
- Title Fee
Fees which are paid to a third party company
- Appraisal Fee
"As a foreign investor the difficulties in getting a loan that makes sense were hard to come by until I found Lendai's products that perfectly suited my needs. Applying online was super easy, the team was great at communicating throughout the entire process and super responsive."
"With the financing my clients can receive from Lendai I no longer need to run around to find new clients. By refinancing properties with Lendai I am able to multiply the number of deals I can make with my existing clients”The process was very simple and easy to follow. The online portal was very user friendly. It was very easy to track which information was needed. Lendai made is possible for a Canadian to invest in the USA."
"As foreign investors who have been scraping together cash for 10 years to invest, we are beyond excited that there is now a reasonably priced, 30-year financing option available."
Lendai is a fintech direct lender financing US real estate properties for foreign investors.
Our mission is to change an outdated trillion-dollar market by utilizing technology to level the playfield for global investors in the US residential real estate market. We enable our 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.
Office LocationsUS Office
1000 Brickell Avenue, Suite #715-418, Miami, FL 33131
100 King St W, Suite #5700,, Toronto, ON M5X 1A9
Moshe Sharett St 6, Rishon LeTsiyon, Israel, 7570427
83 Baker Street , London, W1U 6AG
Our Minimum Loan Amount Is
What We Do
- Lending to Foreign National Investors
- Residential Rental Properties only
- 30-Year Rental Loans
- Single Property & Portfolio Loans
- Transparent Pricing
- NO Rehab Projects; must be rent-ready
- NO 100% Financing or over 70% LTP
- NO Condominiums
- NO Land Loans
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