Miami – April 20, 2023 – Lendai, the leading AI-based fintech portfolio lender, today announced its partnership with Home365, a tech-enabled platform making real estate investing and property management accessible to the masses, to cater lending options to non-US real estate investors looking to enter the US residential market. The partnership will provide Home365 customers access to Lendai’s AI-based lending platform and secure US financing with comparable terms to those offered to American borrowers.
Foreign real estate investments in the US housing market is anticipated to continue with velocity into 2023, showing an increased appetite of foreign investors looking to reclaim influential status especially within the residential market – different from past habits of focusing on commercial property. The combination of the technology of Home365 and Lendai will provide foreign investors looking for single family homes to an entire online processing system – ranging from locating, buying, financing, and managing the property – and help them better manage their investments. This partnership offers efficient and time-saving solutions to foreign investors that can traditionally face a complex process.
“The US real estate market has been a longtime desire for international real estate investors, but entering the market has always been a complex process. Through this partnership, Home365 and Lendai are creating a one-stop-shop option for non-US residents to acquire, finance, and own passive real estate in the US residential market,” said Daniel Shaked, founder and CEO of Home365. “Together, we will help foreign investors grow their US real estate portfolios from the comfort of their homes and to provide them with a low risk, passive investing experience that did not exist before.”
During the pandemic, foreign investors nearly disappeared from the US housing market but in recent months, those investors have come back in droves as COVID restrictions have loosened and political-economic situations shift abroad. Coming out of a three-year decline in foreign investment in U.S. residential real estate, international investors were responsible for over $59 billion worth of volume during April 2021 through March of 2022, up 8.5% according to the National Association of Realtors.
In 2022, non-US buyers who paid for their purchases in cash made up 44% of all buyer transactions, almost double the percentage (24%) of existing-home buyers who did the same. Moreover, non-resident foreign buyers were twice as likely (60%) as resident foreign buyers (30%) to opt for all-cash transactions. Foreign real estate investors re-entering US property investing is not only good for the real estate market, but also good for existing investors – foreign investors can bring cash flow into the market and offer some stability.
“We recognize that obtaining US financing can be a complex process, especially for non-US residents,” said Yair Benyamini, co-founder and CEO of Lendai. “At Lendai, we are dedicated to innovating the lending process and creating opportunities for foreign buyers to access US financing in a more efficient and streamlined way. This partnership with Home365 will provide buyers with a convenient and cost-effective financing solution and access to valuable optimization tools throughout the life of the property. It’s an excellent opportunity for foreign investors to save time and money and enjoy a hassle-free experience.”
Lendai is a fintech direct lender financing US properties for foreign investors. Our unique AI algorithms and an online platform are transforming how foreign investors access US financing. Lendai enables its customers to achieve their financial goals through digital solutions that create a simple, fast, and efficient online financing process. The platform utilizes its proprietary Triple Digital Underwriting System, which assesses the creditworthiness of foreign investors, the likelihood of recouping money should the borrower default, and the value and cash flow of the property at present and in the future. For more information, please visit lendai.us.
Based in Silicon Valley with an R&D center in Tel-Aviv, Israel, operations hub in Lancaster, PA and Las Vegas, NV, Home365 has made real estate investments in single family and small multifamily for the small-to-medium investors profitable, predictable and hassle free. Analyzing and underwriting more than 40 data points such as property age, size, and location Home365 provides investors with an affordable performance guarantee and a one-stop option that handles all aspects of property ownership including management, vacancy, day-to-day maintenance and operational costs. Visit home365.co.