LendingHome Closes $ 388 Million Residential Transition Loan Securitization | Company

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SAN FRANCISCO – (BUSINESS WIRE) – August 12, 2021–

Home loan, one of the nation’s largest lenders to real estate investors, today announced the successful closing of a $ 388 million revolving securitization of unrated residential bridging loans. The transaction marked the 6th widely unionized LendingHome-sponsored securitization transaction since the company began sponsoring revolving securitizations in 2019. The transaction, which has a two-year revolving period during which principal repayments can be reinvested in newly issued loans, was LendingHome’s largest to date.

The transaction will support approximately $ 1.2 billion in loan origination over the life of the transaction. LendingHome has quickly become one of the top destinations for real estate investors looking to buy, renovate and sell or rent a home. The company’s success relies on its ability to partner with real estate investors and apply data analytics to assess risk.

“LendingHome is incredibly pleased with the outcome of our latest funding,” said Arvind Mohan, COO of LendingHome. “This is a sign of continued investor confidence in our product and our performance. The closing of our last transaction allows us to continue to offer very competitive terms to our real estate investor clients, who rehabilitate and sell or rent houses, thus helping to bring more ready-to-move houses to the market.

Barclays and Nomura were the co-lead and co-bookkeepers for the transactions and Performance Trust was a co-manager.

About LendingHome

LendingHome is one of the nation’s leading lenders for residential investors with over $ 7.8 billion in loans issued to date. Established in 2013, LendingHome enables professional and novice real estate investors to quickly and reliably receive the financing they need to thrive their projects and businesses. Using a powerful combination of innovative technology and expert advice, LendingHome adds flexibility and simplicity to every step of the real estate investment process. For more information, please visit lendinghome.com. NMLS ID # 1125207

View source version on businesswire.com:https://www.businesswire.com/news/home/20210812005247/en/

Cara McClenny: [email protected]

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: REIT FINANCE PROFESSIONAL SERVICES RESIDENTIAL BUILDING AND REAL ESTATE CONSTRUCTION AND PROPERTY

SOURCE: LendingHome

Copyright Business Wire 2021.

PUB: 12/08/2021 08: 00 / DISC: 12/08/2021 08:01

http://www.businesswire.com/news/home/20210812005247/en

Copyright Business Wire 2021.


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