LendingHome’s Investor Platform Hits $100 Million Invested; Named Top Real Estate Platform by Lendit
LendingHome, the leading mortgage marketplace lender, today announced that $100 million has now been invested on its platform for individual investors since the platform’s launch in January 2016.
The investor platform gives accredited investors access to a marketplace with the same short-term, high-yield real estate assets that were previously only available to LendingHome’s institutional investors. Its sophisticated, proprietary technology platform provides investors with a streamlined, transparent experience, while loans offered are all institutional-quality.
Individual investors can access LendingHome’s marketplace with a minimum opening balance of $50,000 and a minimum investment of $2,500. Investors benefit from fractional notes backed by mortgages that yield 8.75 percent on average. They also receive immediate monthly cash flows and the ability to diversify across hundreds of investments.
With LendingHome’s investor platform, individuals can either browse the marketplace and select individual investments to build their own portfolio, or set criteria and diversify automatically through an AutoInvest feature. LendingHome fully funds all loans on the platform first through its rigorous underwriting process, and then offers fractional notes to individual investors.
In its first year of operation, more than 500 loans were fully funded through the investor platform. Currently all loans offered on the platform are short-term bridge loans for professional real estate investors who buy, renovate, and resell properties. The average loan duration is under one year.
LendingHome Named Top Real Estate Platform at LendIt
At the fifth annual LendIt conference, held in New York this month, LendingHome was named the Top Real Estate Platform during the LendIt Awards, which celebrate FinTech market leaders, emerging innovators, and top talent. The LendIt award-winners were determined by 30 industry experts and thought leaders in the alternative lending space.
“LendIt has established itself as the go-to industry event for fintech. To be recognized at LendIt by a panel of fintech veteran judges as the Top Real Estate platform in the world was a tremendous honor,” says Josh Stech, VP of Business Development at LendingHome. In 2017 we’ll continue to put our customers first in everything we do; hopefully that will be enough to bring home the prize again in 2018!”