Lendersa®
 | |
| Industry | Financial Services |
|---|---|
| Founded | 2016 |
| Founder | Moshon Reuveni |
| Headquarters | Torrance, California, United States |
| Website | lendersa |
Lendersa® is a California Corporation Providing financial services and specializing in hard money loans.[1] It was founded in 2016 by Moshon Reuveni and is headquartered in Torrance, California.[2] Lendersa® operates as an open platform, facilitating connections between borrowers, real estate agents, and mortgage brokers with wholesale hard money lenders, direct lenders, and private investors[3]
Overview
Lendersa® was founded in 2016 by Moshon Reuveni and is headquartered in Torrance, California. It serves as a bridge between borrowers seeking loans and lenders searching for secure investment opportunities. The primary goal of Lendersa® is to deliver high-quality hard money leads to lenders, supporting their business prosperity. The platform ensures precise matching between the lenders' loan programs and the borrowers' loan requests, ensuring highly qualified leads.[4]
Platform & business model
The platform allows borrowers, real estate agents, and mortgage brokers to post loan request scenarios detailing their specific loan requirements. These loan requests are then instantly matched with the loan programs offered by wholesale hard money lenders and private investors who are registered on the platform.[5]
Upon matching the loan request with suitable lenders, Lendersa® AI generates instant results for the users, presenting loan proposals from up to six lenders that fulfill the borrowers' criteria. These loan proposals include comprehensive details such as interest rates, terms, fees, prepayment options, speed of funding, and contact information for the lenders. This streamlined process enables borrowers to access multiple loan options quickly and efficiently, empowering them to make informed decisions regarding their hard money loan needs.[6]
To streamline lead management, Lendersa® has developed a lender's dashboard. This dashboard allows lenders to monitor their entire pipeline, control each loan, and seize every opportunity. Lenders receive immediate notifications as soon as a lead is generated. In addition to email notifications, lenders can also choose to receive lead information via text messages, facilitating prompt communication with borrowers. Similarly, each borrower can monitor the lender's proposal on its borrower dashboard.[7]
Lendersa® operates on a guaranteed model: lenders pay for the lead only if they successfully close the loan. The lead price is a small fraction of the lender's commission and varies based on factors such as the loan size and other considerations.[8]
The Aim of Lendersa®
Lendersa® goal is to bring efficiency to fractionalized private money lending (AKA hard money lending) by enabling borrowers to shop their loan requests to the most suitable lenders among thousands of lenders. Unlike conventional bank loans, Hard money loans are mainly based on property equity and less on verifying the borrower's ability to pay. However, Lendersa® AI can discover situations where the borrower may qualify for a bank loan with more favorable rates and terms than that of private investors. When Lendersa detects the possibility of arranging a bank loan, it will alert the borrower and direct the borrower to review proposals from banks and institutional lenders who are also participating on the Lendersa® portal. Lendersa® goal is to get borrowers the best possible loan promptly.
Services
Lendersa® plays a pivotal role as an intermediary, connecting borrowers in need of loans with lenders who are actively seeking secure investment opportunities. By evaluating rates and terms offered by a vast network of hard money lenders, brokers, and private investors, the platform promptly generates loan proposals, offering borrowers immediate access to potential financing options.
By fostering competition among lenders, Lendersa® ensures borrowers can secure the lowest interest rates, lowest fees, or highest loan-to-value (LTV) ratios on their hard money loans. Unlike traditional bank loans that can take months to fund, hard money lenders associated with Lendersa® offer expedited loan processing, closing loans within days.
In addition to its loan-matching services, Lendersa® provides a comprehensive guide for hard money loans. The guide aims to educate borrowers, real estate agents, and mortgage brokers on the intricacies of hard money lending, lenders, and private money loans. It offers articles and calculators to help users understand the concept of hard money loans and successfully leverage them in their business endeavors.
Lendersa®'s software employs advanced search algorithms to automatically request loan quotes from local, regional, and national hard money lenders that match the borrower's specific loan criteria. This ensures borrowers receive multiple quotes and can choose the most suitable loan option.
In the media
References
- ↑ "Lendersa - Overview, News & Competitors | ZoomInfo.com". ZoomInfo. Retrieved 30 June 2023.
- ↑ "Lendersa - in Torrance, California | Business Ja". www.businessja.com. Retrieved 30 June 2023.
- ↑ "Lendersa®". croozi.com. Retrieved 30 June 2023.
- ↑ Watts, Marian (19 June 2023). "Invest Securely With Lendersa". Medium. Retrieved 30 June 2023.
- ↑ "Lendersa Inc. on Behance". Behance. Retrieved 30 June 2023.
- ↑ "Hard Money Loan". read.cash. Retrieved 30 June 2023.
- ↑ "Lendersa®". tracxn.com. Retrieved 30 June 2023.
- ↑ "Lendersa". ADS.finance. 6 May 2021. Retrieved 30 June 2023.