InstaLend
About InstaLend
InstaLend is a tech-enabled lender that provides asset-based real estate loans, including short-term fix-and-flip and long-term rental financing, with minimal paperwork and no income verification. By automating the loan approval process, InstaLend enables residential real estate developers to secure funding quickly, often closing within days, thereby addressing the need for timely capital in property acquisition and rehabilitation.
```xml <problem> Real estate investors often face challenges in securing timely financing for property acquisition and rehabilitation due to lengthy approval processes and stringent income verification requirements of traditional lenders. This can lead to missed opportunities and delays in project completion, impacting profitability. </problem> <solution> InstaLend provides asset-based real estate loans, including fix-and-flip, single-family rental, new construction, and multi-family bridge loans, designed to offer quick access to capital with minimal paperwork. By automating the loan approval process and eliminating income verification, InstaLend enables real estate developers to secure funding rapidly, often closing within days. This allows investors to capitalize on opportunities and complete projects efficiently. InstaLend's diverse loan programs cater to both short-term and long-term investment needs, offering customized solutions for various project types. </solution> <features> - Loan products include Fix & Flip, Single Family Rental, New Construction, and Multi Family Bridge/Term Loans. - Loan amounts starting from $50,000 for Fix & Flip, New Construction and Multi Family Bridge Loans, and $75,000 for Rental Loans. - Loan terms of 12 months for Fix & Flip and New Construction, 12-24 months for Bridge Loans, and up to 30 years for Rental Loans. - No income verification required, with loans based on asset value. - Streamlined online application process for fast approval and funding. - No upfront fees to begin processing loan applications. - No prepayment penalties on fix & flip loans. - Loan-to-After-Repair Value (LTARV) up to 70% for Fix & Flip and New Construction, and 80% for Rental and Bridge Loans. </features> <target_audience> InstaLend primarily serves residential real estate developers and investors, both new and experienced, seeking fast, flexible financing solutions for property acquisition, renovation, and construction projects. </target_audience> ```
What does InstaLend do?
InstaLend is a tech-enabled lender that provides asset-based real estate loans, including short-term fix-and-flip and long-term rental financing, with minimal paperwork and no income verification. By automating the loan approval process, InstaLend enables residential real estate developers to secure funding quickly, often closing within days, thereby addressing the need for timely capital in property acquisition and rehabilitation.
Where is InstaLend located?
InstaLend is based in East New York, United States.
When was InstaLend founded?
InstaLend was founded in 2016.
How much funding has InstaLend raised?
InstaLend has raised 750000.
- Location
- East New York, United States
- Founded
- 2016
- Funding
- 750000
- Employees
- 2 employees