Real Estate Marketing & Beyond
LendingHome is a leading mortgage marketplace and recently announced at LendIt 2016 that it had funded more than $550 million in mortgage loans and grew loan originations six times in 2015 compared to 2014.
In addition, the company has returned over $200 million in principal and $20 million in interest to investors. LendingHome is the largest mortgage marketplace in the US, allowing entrepreneurs and real estate investors to purchase, rehabilitate or rent out property across the country. To build on this momentum, the company recently launched an investor platform for individuals. In this scheme, accredited investors gain access to a marketplace with the same short-term, high yield real estate assets that were previously only available to LendingHome’s institutional investors. In March, a privately placed securitization of LendingHome assets was completed in the market, further validating the company’s business and providing greater transparency into the company’s portfolio performance, and expanding the buyer base and liquidity of the bridge loan asset class.
Matt Humphrey, co-founder and CEO of LendingHome said “We are excited to fund more loans to the many real estate investors and entrepreneurs not served by banks who are revitalizing homes and neighborhoods across the country. The results for our institutional capital partners speak for themselves. And we are now able to give individual investors access to the same high-quality, institutional-grade real estate assets with the launch of our new investor platform.”
The investor platform for individuals goes beyond traditional credit and valuation analysis to ensure best-in-in-class loan performance. It has a sophisticated proprietary technology platform, allowing for a streamlined and transparent experience. Individual investors are able to access this marketplace with a minimum opening balance of $50,000 and a minimum investment of $5000. Investors can benefit from fractional notes backed by mortgages that yield upwards of 10% on average. They are also able to receive immediate monthly cash flows and the ability to diversify across hundreds of investments.
Marc Katz, founder and managing partner of Aesalon Capital Management LLC in Chicago, Illinois said “Unlike other Fin Tech platforms that offer investments backed by unsecured loans, LendingHome provides an opportunity to participate in the market for senior secured, collateralized mortgage loans backed by real assets. We are impressed by the LendingHome team’s real estate and mortgage lending experience, their priority on strong underwriting and the attractive yield. These aspects are equally important to us as we build and diversify our LendingHome portfolio and grow our relationship with the company.”
Using LendingHomes investor platform, individuals are able to browse the marketplace and select individual investments to build their own portfolio or they can set criteria and diversify automatically through an auto-invest feature. For more information, click here.
