“This is a sign of the continued investor confidence in our product and performance”
Fix and flip lender LendingHome has announced that it has closed $388 million in unrated residential transition loans – its sixth and largest revolving securitization to date.
The transaction includes a two-year revolving period in which principal payoffs can be reinvested in newly originated loans. LendingHome estimates that the deal will support over $1.2 billion in loan originations over the life of the securitization.
LendingHome chief operating officer Arvind Mohan said that the closing of the transaction enables the company “to continue providing highly competitive terms to our real estate investor customers, who are rehabilitating and selling homes or renting them – helping to bring more move-in ready homes to the market.”
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The San Francisco-based company started sponsoring broadly syndicated securitizations in 2019 and has quickly become one of the top lenders for real estate investors.
“LendingHome is incredibly pleased with the outcome of our latest financing,” Mohan said. “This is a sign of the continued investor confidence in our product and performance.”
