Lendlord launches bridging loan auction tool
The property investor and landlord platform says its tool allows users to view thousands of property details from multiple online auctions and analyze how those properties would perform if they were to buy to rent them. or “flip” them for immediate profit.
Investors can then arrange a bridging loan to fund a purchase if they decide to bid on a property within the Lendlord platform.
He adds that all the details users entered on the platform when viewing the property will automatically transfer to the loan application.
Lendlord Co-Founder and Managing Director Aviram Shahar says: “Lendlord’s goal is to make it as easy as possible for property investors and owners to manage their investments and increase their returns.
“There are so many opportunities for savvy investors to discover in real estate auctions, but the process can be tedious and time-consuming.
“By bringing together the ability to view land, analyze properties and apply for bridge financing, all within the Lendlord platform, we are giving investors the tools they need to make the most of new opportunities, develop their portfolios and maximize their profitability, all without leaving our website.”
The company says its bridge financing can be arranged quickly, with completion possible within 28 days, which is an auction requirement.