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LendingOne, LLC is a direct private lender for non-owner occupied residential and multifamily properties throughout the United States. We provide fast funding for a variety of real estate transactions such as fix-and-flip, rehab-to-rent, long-term rental, cash-out refinance, and multifamily redevelopment.

We are self-funded, allowing us to move quickly and finance your project using 100% of our own capital, at competitive rates. We are focused on providing excellent client service, a professional approach and true reliability. Here are some of our loan guidelines:

Rehab Fix & Flip Loan Program

  • Term: up to 12 Months
  • Loan-to-Cost: Up to 90%
  • Rates: 7.49% to 12%
  • Property Types: Residential 1-4 Units
  • Occupancy: Non-Owner Occupied
  • FICO Score: 600 minimum

Long Term Fixed Rate Rental Loan Program

  • For Tenant-Occupied Residential Properties
  • Property Types: Residential 1-4 Units
  • Term: 30-year Fixed or 3-5-7 Year ARM
  • Rates: 5.39% to 8.99%
  • LTV: Up to 75%
  • Origination Fee: 1.5 to 3.0 points
  • No Seasoning Requirements (Up to 75% LTV for new purchase)
  • DSCR Requirements: 1.25 to 1.3
  • Occupancy: Tenant-Occupied
  • FICO Score: 620 minimum
  • Prepayment: 2 years (80% of 6 months interest)
  • No Servicing Fee
  • No Escrow
  • Foreign Nationals OK

Multifamily Bridge & Construction

  • Lending Area: Select Primary Markets Nationwide
  • Loan Amount: $1,000,000 to $10,000,000
  • Property Types: Multifamily / Apartments 2 to 30 Units
  • Interest Rates: 7% to 8% + Libor
  • Origination Fee: 1.5 to 2.5 points
  • Loan-to-Cost: Up to 70%
  • Term: 24 months
  • Non-Recourse
  • No interest on undispersed funds

Credit Facilities Loan Program

  • Lines of Credit and Blanket Loans
  • Loan Amount: $500,000 and up
  • Property Types: Residential 1-4 Units
  • Number of Properties: 5 minimum
  • Minimum Value Per Property: $75,000
  • Term: 5 or 10 year balloon
  • Rates: 5.99% to 7.99%
  • LTV: Up to 70% of portfolio
  • DSCR Requirements: 1.25 to 1.3
  • Payments: Interest-Only or Amortized

 

Loan Amounts

$200,000 to $10,000,000

Interest Rates

5% to 12%

Max Loan-To-Value

75.00%

Max Loan-To-Cost

90.00%

Origination Fees

2% to 3%

Loan Terms

12 months to 360 months

Lien Position

  • 1st

Loan Purpose

  • Investment Acquisition
  • Investment Refinance
  • Improve Subject Property
  • Use Equity to Invest in Another Property
  • Development Project

Property Occupancy

  • Vacant
  • Tenant Occupied 100%
  • Tenant Occupied Partial
Minimum Occupancy Percentage

50%

Property Geographic Area Details

For ground-up construction loans and larger value-add projects, we lend in major metropolitan areas only in 45 states. The minimum loan amount for ground-up construction is $500,000.

Property Types and Loan Types

Collateral Types

  • Residential Property

Property Types

  • 2-4 Units Residential
  • Condominium
  • Mixed-Use
  • Multifamily
  • Portfolio of Residential Properties
  • Single Family Residence

Loan Types

  • Private Money
  • Hard Money
  • Commercial Bridge
  • Residential Bridge
  • Commercial Property Value Add
  • Residential Fix and Flip
  • Residential Rehab and Rent
  • Commercial Ground-Up Construction
  • Residential Ground-Up Construction
  • Residential Long-Term Rental

Specialty Loan Types

  • Residential Long-Term Rental
  • Line of Credit Single Property
  • Line of Credit Portfolio of Properties

Purchase Loan

Max LTC on Purchase Price

90.00%

Borrower Must Have Property Under Contract

yes

Will Provide Proof of Funds Letter

no

Will Consider Lending on Purchase from Auction

yes

Allowed Source of Borrower’s Equity

  • Own Cash
  • Partner
  • Equity in Another Investment Property

Rehab Value Add Loan

Experience Required

yes

Minimum Number of Value-Add Projects Completed by Borrower

1

Will Provide Funds for Renovation Costs

yes

Max LTC for Renovation Costs

90.00%

Interest Charged for Renovation Costs

Only on Funds Drawn

Typical Number of Days for Funds Draw

5

Construction Loan

Development Experience Required

yes

Minimum Number of Ground-Up Construction Projects Completed by Borrower

3

Max LTC for Ground-Up Construction Costs

80.00%

Interest Charged for Construction Costs

Only on Funds Drawn

Will Lend on Partially Completed Construction Projects

yes

Details and Requirements

Typical Closing Time (Days)

10

Fastest Closing Time (Days)

7

Works With

  • Brokers
  • Borrowers

Payment Structure

  • Interest Only
  • Amortized
  • Interest Reserve

Pre Payment Penalty

no

Will lend to a foreign national

no

Will Allow Junior Position Mortgage(s) Behind Our Senior Mortgage

no

Will Consider Collateralizing Multiple Properties in One Loan

yes

Will Consider Equity Joint Venture

no

Borrower Entity Types Considered

  • LLC
  • Limited Partnership
  • Trust
  • Corporation

Documentation Required

  • Credit Report
  • Tax Returns
  • Bank Statements
  • Loan Application

Personal Guaranty (Recourse) Required

Sometimes

Credit Check Required

yes

Minimum Credit Score Required

620

Appraisal Required for Residential Property

Always

Broker Price Opinion (BPO) Accepted for Residential Property

Sometimes

Fees

Legal Fee

$695 for Deals under $1,000,000

Exit Fee

No exit fee

Appraisal Fee

Single Family- $450, 2-4 Units- $550, Commercial multi-family and mixed-use - Bid

Renovation Construction Draw Fee

$150 per Draw

Fees which are mandatory for all new borrower clients

  • Appraisal Fee

Fees which are charged upfront prior to loan closing

  • Legal Fee
  • Appraisal Fee

Fees which are paid to a third party company

  • Appraisal Fee
  • Renovation or Construction Funds Draw Fee

Legal Disclaimer

LendingOne, LLC serves as the originating entity for all loans and is licensed under NMLS ID # 1508627, Arizona Mortgage Banker License # BK-0944181, California Finance Lender License # 60DBO-58915, Minnesota Residential Mortgage Originator License # MN-MO-1508627, Oregon Mortgage Lenders License # 5529 and Vermont Commercial Lender License # 1508627 CLL. LendingOne, LLC currently does not lend in the following states: Alaska, Nevada, North Dakota, Oregon, South Dakota and Utah. LendingOne, LLC is licensed or exempt from licensing in all other states. Loans only apply to residential, non-owner occupied properties. Rates, terms and conditions offered only to qualified borrowers and are subject to change at any time without notice. Closing times are in business days and commence upon receipt of appraisal payment and satisfaction of borrower conditions. Closing times may be delayed due to appraiser property access limitations or availability in certain markets.

LendingOne, is a direct self-funded private mortgage lending company. We are based in Florida but have branch offices in New York City and Philadelphia as well as sales offices in Chicago and Atlanta. LendingOne is part of the Crestar Group. The Crestar Group of Companies is comprised of private equity, specialty finance, real estate and asset management businesses. Each of our businesses takes pride in delivering a full range of capabilities to meet the needs of our investors, partners and customers through our experience and operational expertise. We are committed to putting all of our stakeholders at the heart of our business, developing and maintaining long-standing relationships based on trust while each of our associates is expected to observe our corporate social and ethical responsibilities.

Licence

NMLS ID #1508627, CFL #60DBO-58915

Established

2014

Office Locations

Headquarters
901 Yamato Road, Suite 150, Boca Raton, Florida, 33431

New York Office
205 E 42nd St 16 Floor, New York, New York, 10010

Primary Capital Source

  • Own Funds
  • Bank Credit Line
  • Private Equity Funds
  • Hedge Funds

Alternative Capital Sources

  • Own Funds
  • Bank Credit Line
  • Private Equity Funds
  • Hedge Funds

Loan Structure for Majority of Loans

  • Own Balance Sheet

Alternative Loan Structures

  • Own Balance Sheet

Percentage of company’s lending business focused on private mortgage

100%

Percentage of Loans Secured by Commercial Property

0%

Percentage of Loans Secured by Residential Property

0%

Percentage of Residential Property Loans Which are Fix and Flip

0%

Percentage of Residential Property Loans Which are Buy and Hold

0%

Percentage of Residential Property Loans Which are Owner-Occupied

0%

Percentage of Loans Secured by Land

0%

Percentage of Loans Secured by a Business (not real estate)

0%

Michael Faiella

Director of Business Development

Michael Faiella is the Director of Business Development at LendingOne, and he is also the firms top loan originator. Michael’s goal when joining LendingONE was to bring honesty, integrity and customer service to his clients. He was the first employee hired at LendingOne, which used to be Crestar Funding until late 2015. Michael has extensive experience in sales, management, & residential real estate. He is based in NYC but frequently travels to the company headquarters in Florida as well as industry events throughout the country. Michael works directly with clients to get loans funded. He earned his bachelors degree in finance from the University of South Carolina.

Loan Request

This information is about yourself, not the subject property.

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At the end of the form you can enter the additional properties.

(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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(temp use, storage, billboard, parking, etc.)

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If Borrower is not seeking additional funds for the renovation, change the Loan Type to Purchase or Acquisition.

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how will the loan be paid off?

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