Learn

Learn about key aspects of our programs here.

For more information, visit our FAQ page or search by topic in the search bar below.

 
 
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FIX & FLIP

Have you found the perfect fixer upper and know just how to make it a neighborhood gem? We've got you covered with our 1-year interest only loan product. We'll even cover rehab costs.

 
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RENT & REFI

Looking to hold property and rent it out? We offer 2-year bridge loans with 1-year extensions so you have enough time to season the property for conventional financing.


Application Process

Our application has three simple steps.

 

Submit Application

Submit a loan application using a webform on our website.

www.lendency.com/apply

Within one business day, you will be notified via email whether your loan was approved or denied for
underwriting. If approved, you will be instructed to submit the required documents.

PAY valuation FEE

Pay the valuation fee using your debit or credit card.

www.lendency.com/pay

Submit Required Documents

Submit the required documents using a webform on our website.

www.lendency.com/docs

  • Authorization to Order a Credit Report

  • Rehab Scope of Work and Guidelines Acknowledgement

  • Government Issued Photo ID for Signatory/Guarantor

  • Bank Statement(s) Showing Funds to Close plus 3 Months Interest

  • Schedule of Real Estate Experience

  • Certificate of Good Standing for Entity

  • Articles of Organization/Incorporation for Entity

  • Operating Agreement for Entity

  • Purchase Contract or HUD for Refis

  • Homeowners Insurance Policy

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Once we receive all of the required documents, including valuations and title, we underwrite the loan, communicate term updates (if any), then set a closing date.


Loan Program

Below are some of the key components of our loan program.

 

  • Loan Amount: Up to $2,500,000

  • Loan-to-Value (As-Is Value): Up to 80%

  • Loan-to-Value (After-Repair Value): Up to 70%

  • Rehab Financing: Up to 100%

  • Loan Rate: Starting at 9.99%

  • Rate Type: Fixed rate, interest only

  • Interest Payments: Monthly or zero payments until maturity (your choice)

  • Origination Fee: 2%

  • Property Type: SFR, PUD, Condos, 2-4 Units

  • Property Area: Urban, Suburban

  • Property Use: Residential Only

  • Property Plan: Rehabilitation or Maintenance Only

  • Loan Type: Purchase or refinance

  • Loan Term: 12-36 months

  • Closing Time: Within 7 days from full file receipt

  • Extension Term: Up to 12 months

  • Borrower: Business entity only

  • Credit Score: At least 640

  • Owner Equity: At least $20,000

  • Derogatory Incidents (>$10K): Resolved 5 years prior

  • Eligible States: AL, AK, AR, CO, CT, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MD, MI, MN, MS, MO, MT, NE, NH, NM, NJ, NY, OH, OK, PA, SC, TX, VA, WA, WV, WI, WY

  • Ineligible States: AZ, CA, NC, ND, NV, OR, RI, SD, TN, UT, VT