About our Rental Loans

We are currently offering rental loans for the following property types

    • Single family residence
    • 2 – 4 unit properties
    • Townhouses

We make it simple. You can upload the below information to your secure borrower portal and communicate directly with the team as they underwrite.
  • Application
  • Photo ID
  • Bank Statement/Money Market/Brokerage Account to Show Liquidity
  • Schedule of Real Estate Owned
  • Entity Documentation
  • Current Lease (if applicable)
  • Insurance Information

Other documents may be requested based on the individual circumstances and collateral.

We do not require a lease in place for rental property purchases or refinances.

LendSimpli can lend in most states. We may not be able to lend if the property is in a rural area, which makes comparable property analysis a difficult task. We require three recent comparison properties within 3 miles.

There is no maximum cash out on the LendSimpli rental loans program. We can offer to cash out refinance up to 75% of the property value.

Most LendSimpli rental loan programs include a prepayment penalty ranging from 1 to 5 years, with most structured as an annual 1% step-down. The available prepayment options depend on the specific loan program, property, and borrower profile. In some cases, we are able to offer no prepayment penalty. We can discuss the available options based on your individual financing needs during the underwriting process.

The rates for the LendSimpli rental loans start from 6.25%. The only up front costs are for a background/credit checks and appraisal costs. The appraisal costs are usually paid directly to the third party appraisal management company from the borrower.

About our Bridge Loans

The following types of properties are eligible for our bridge loans:

    • Single family residence
    • 2 – 4 unit properties
    • Townhouses

We make it simple. You can upload the below information to your secure borrower portal and communicate directly with the team as they underwrite.
  • Application
  • Photo ID
  • Purchase Agreement
  • Itemized Rehab Budget & Schedule, if applicable
  • Bank Statement/Money Market/Brokerage Account to Show Liquidity
  • Proof of Experience, if applicable
  • Entity Documentation

Other documents may be requested based on the individual circumstances and collateral.

Yes! LendSimpli can provide financing on the acquisition and
renovation of your property. We can lend up to 100% of the rehab costs.

LendSimpli can lend in most states. We may not be able to lend if the property is in a rural area, which makes comparable property analysis a difficult task. We require three recent comparison properties within 3 miles.

No. There is no prepayment penalty on our bridge loans.

Each project is underwritten separately and most of or projects are funded between 10% – 12% with 1 – 3 points charged at closing. These rates are a function of local market conditions, the loan to value ratio, and the scope of the rehab. Once you submit a project, your underwriter will be able to give you a clearer indication of expected rates.

Work Directly With The Underwriting Team

We built our secure borrower portal for ease of use. Our underwriting team communicates directly with you to provide feedback and updates throughout the process. You choose how you’d like to work via web, mobile or through email.

See Your Rate