$210,000
7.75%
70%
Debt Service Coverage Ratio: Metric used to assess the ability to repay the debt obligations. It is calculated by dividing the net operating income by the total debt payments.
1.15
30 Years
5 Years
$2,500
$2,000
$6,000
$1,504
We will escrow additional funds that will be used to pay on your behalf the yearly tax payments and insurance premiums of your investment property.
$667
$2,171
2%
Each discount point paid will lower your interest rate by 25 basis points (0.25%) for the entire 30-year duration of the loan thus saving you a significant amount of money throughout the loan term.
0%
$1,500
$225,000
7.75%
75%
Debt Service Coverage Ratio: Metric used to assess the ability to repay the debt obligations. It is calculated by dividing the net operating income by the total debt payments.
1.10
30 Years
5 Years
$2,500
$2,000
$6,000
$1,611
We will escrow additional funds that will be used to pay on your behalf the yearly tax payments and insurance premiums of your investment property.
$667
$2,278
2%
Each discount point paid will lower your interest rate by 25 basis points (0.25%) for the entire 30-year duration of the loan thus saving you a significant amount of money throughout the loan term.
0%
$1,500
* Every transaction also includes third party fees that are decided by the US State the property is in and not by Lendai. Every preliminary loan estimate is for informational purposes only and does not constitute a binding offer for lending. Loan approvals are contingent upon borrower qualification and final credit approval, in accordance with underwriting and program guidelines established by Lendai.
Interest Rate
Foreign Nationals
Fewer Documents
Online Digital Closing
Origination Cost
Days to close
Banks
6%-8%
1%-3%
60+ days
6%-10%
2%
<30 Days
Hard Money Lenders
12% and up
Varies
3%-5%
Varies
Lendai only requests you pay for the Appraisal Report, which will be paid directly to the appraisal company.
No, every investor receives the same offer that is based on Lendai’s Proprietary Underwriting System.
No, Lendai has no hidden fees. The 2% origination covers all fees related to processing, underwriting, and originating your loan.
In exchange for a one time and up front fee, Discount Points lower your interest rate and your monthly payment . Over the course of a 30-year loan, these Discount Points can save the borrower a significant amount of money. The Discount Points are totally optional for the borrower. Lendai follows the US standard pricing procedure of Discount Points.
Each discount point paid lowers your interest rate by 25 basis points (0.25%) for the entire 30-year duration of the loan. The more points you have, the more you save on your loan payments throughout the loan term. Buying discount points is best suited for investors who intend to hold the property for a long period of time.
Lendai needs to make sure that the property’s tax bills and insurance premiums are fully paid on time. Lack of payments can create a tax lien which can lead to foreclose of the property by the authorities. If you do not pay the insurance, then the house is not covered in case of damages. Lendai and you are then excluded from coverage and may lose part/all of the investment.
We offer foreign investors various prepayment penalty options: 5 years, 5-4-3-2-1, 3 years, 3-2-1 and without PPP.
5 years: This is a fixed penalty if you want to pay off the loan before the end of the term.
5-4-3-2-1: This is a decreasing penalty if you want to pay off the loan before the end of the term. The first year you pay 5% of the loan amount, the second year 4%, and so on until the fifth year. From the sixth year onwards there is no prepayment penalty.
3 years: This is a fixed penalty if you want to pay off the loan before the end of the term. 4) 3-2-1: This is a decreasing penalty if you want to pay off the loan before the end of the term. The first year you pay 3% of the loan amount, the second year 2% and the third 1%. From the fourth year onwards there is no prepayment penalty.
Without PPP: financing option in which the loan is allowed to be canceled without prepayment penalty.
USA Office
1000 Brickell Avenue, Suite 715-418,
Miami, FL 33131
20900 NE 30th Ave suite 200 12, Aventura, FL 33180, United States
Canada Office
100 King St W, Suite #5700,
Toronto, ON M5X 1A9
Israel Office
Moshe Sharet 6, Rishon LeZion,
Israel 7570427
UK Office
83 Baker St, London W1U 6AG,
United Kingdom
India Office
114A Primus Building, Plot No SP–7A, Guindy Industrial Estate, Chennai 600032, India
