What type of properties are eligible for LendSimpli rental loans?
We are currently offering rental loans for the following property types
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- Single family residence
- 2 – 4 unit properties
- Townhouses
- Multifamily 5 – 10 units
- Short Term Rentals (Airbnb/VRBO)
What information is required for LendSimpli rental loans?
- 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.
Does the property have to be rented?
Which locations can you lend in?
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.
How much cash out can I receive from a LendSimpli rental loans?
Is there a prepayment penalty?
How much does a LendSimpli rental loan cost?
The rates for the LendSimpli rental loans start from 7.00%. The only up front costs are for a background check and appraisal costs. The appraisal costs are paid directly to the third party appraisal management company from the borrower.
About our Bridge Loans
What type of properties are eligible for LendSimpli bridge loans?
The following types of properties are eligible for our bridge loans:
-
- Single family residence
- 2 – 4 unit properties
- Multifamily 5 – 20 units
- Condominiums
- Townhouses
What information is required for LendSimpli bridge loans?
- 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.
Does LendSimpli lend on construction or rehab?
Which locations can you lend in?
Is there a prepayment penalty?
No. There is no prepayment penalty on our bridge loans.
How much does a LendSimpli Bridge loans cost?
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.


We Want To Earn Your Business
Our Team is Here For You
At LendSimpli, our team takes pride in providing financing resources to our borrowers to allow them to continue to grow their real estate portfolios. Schedule a call and take 5 minutes to see how we can assist you in achieving your investing goals.
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