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Lendai Loans Programs

Lendai currently offers these loan programs:

  • New Purchases
  • Cash-out Refinance
  • Rate and Term Refinance
  • Portfolio Loans
  • DSCR Loans(Debt Service Coverage Ratio)
  • Global Full Doc Loan (DTI based on foreign income)
  • Short Term Loans:
    • Bridge
    • Fix & Flip
    • Ground-Up Construction

Here is a breakdown of the different documents needed for each loan program (additional documents may be requested based on the specific scenario and underwriting)

  • DSCR Loans
    • Personal:
      • Passport
      • US and/or foreign bank statement showing liquidity (down payment + closing cost + PITIA reserves)
      • Bank reference letter (not in all cases, depend on the loan scenario)
    • Entity:
      • Entity Documents (US entity and foreign entity if applicable):
      • Operating Agreement/Bylaws,
      • EIN letter
      • W-9
      • Organizational formation docs. 
      • We can help establish the US entity if needed – US Entity Formation Services – Lendai
    • Property:
      • Purchase agreement (if it’s a new purchase loan)
      • Property management agreement (if applicable)
      • Lease agreement (if the property is currently leased)
      • Homeowners insurance (we can issue insurance quotes if needed) – Insurance Services – Lendai
  • Global Full Doc Loans (DTI based on foreign income)
    • All the documents of a DSCR loan
    • CPA letter or employer letter to verify global income (we have templates for this, will share the relevant template according to the scenario)
    • Proof of residency in country of origin and proof of mortgage payment on primary residence in the country of origin. 

Short Term Loans – Please check each specific brochure (hyperlink to brochures)

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