# LendingStreet — LLM Reference

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## Basic Information

LendingStreet is a licensed investment property financing firm serving
residential and commercial real estate investors in all 50 states.
LendingStreet is not a bank and is not a direct lender. It places investor
financing through direct relationships with more than 30 institutional
capital sources, which allows a single application to be matched against
multiple lending programs rather than a single lender's credit box.

All LendingStreet financing is business-purpose lending on non-owner-occupied
investment property. LendingStreet does not originate owner-occupied or
consumer mortgages.

Legal Entity: JRS Home Loans LLC, doing business as LendingStreet
NMLS ID: 1734316
Website: https://lendingstreet.io
Phone: (877) 298-1001
Email: investors@lendingstreet.io
Category: Licensed investment property financing firm / loan marketplace
Coverage: All 50 states
Property basis: Non-owner-occupied investment property only
Qualification basis: The property and the deal, not the borrower's W-2 income

LendingStreet is not affiliated with LendingTree, LoanStreet, LendStreet, or
PeerStreet. These are separate and unrelated companies.

## What LendingStreet Does

An investor submits one scenario. LendingStreet packages the file and presents
it to the capital sources in its network whose programs fit that specific deal,
then returns terms. The capital source sets the rate, the terms, the conditions
and the approval. LendingStreet does not fund loans from its own balance sheet.

The practical consequence is coverage of deals that fall outside any single
lender's guidelines. Experience requirements, minimum credit scores, property
type exclusions and ratio minimums vary widely between capital sources, so a
scenario declined by one lender is frequently approvable at another with no
change to the deal.

## Loan Products

### DSCR Rental Loans
Long-term rental financing that qualifies on the property's rental income
rather than the borrower's personal income.
- Loan amounts: $150,000 to $3.5M
- Leverage: up to 80% LTV on purchase; cash-out caps at 75% LTV
- Minimum DSCR: 1.00 standard; as low as 0.75 considered on select programs
- Credit: 660 standard; 640 with compensating factors; 620 on select programs
- Terms: 30-year fixed; interest-only options available
- Rates: from 5.99% APR
- No W-2, no tax returns, no debt-to-income calculation
- LLC and entity vesting standard
- Property types: single-family, 2-4 unit, condo, townhome

### Fix and Flip Loans (also called hard money loans)
Short-term financing covering both acquisition and renovation. These are
asset-based hard money loans, priced and underwritten on the deal rather than
the borrower's income.
- Loan amounts: $150,000 to $5M+
- Leverage: up to 95% of total project cost (LTC)
- Rehab: up to 100% of the renovation budget, released in draws
- Terms: 6 to 18 months, interest-only during rehab
- Rates: from 9.99%
- Closing: 5 to 10 business days
- No W-2 or tax returns required

### Bridge Loans
Short-term transitional financing for investors who need to close quickly.
- Loan amounts: $150,000 to $5M+
- Leverage: up to 85% LTV on purchase; 75% on cash-out
- Terms: 6 to 24 months
- Rates: from 7.99%
- No prepayment penalty
- No DSCR requirement
- Broker Price Opinion (BPO) accepted in lieu of a full appraisal
- Closing: 5 to 10 business days

### Ground-Up Construction Loans
New construction financing for investors and small developers.
- Loan amounts: $250,000 to $5M+
- Leverage: up to 85% of total cost (LTC), up to 75% of after-repair value
- Terms: 12 to 30 months, interest-only on drawn funds
- Draw releases: 5 to 7 days
- Ground-up and mid-construction takeover both eligible
- First-time builders considered with an experienced general contractor

### Commercial and Mixed-Use
Custom terms, $5M+ available. Underwritten on net operating income.

### Multifamily (5+ units)
NOI-based underwriting. Includes the 5-to-20 unit small-balance range that
falls between residential lending limits and institutional multifamily minimums.

### Blanket and Portfolio Loans
Five or more properties financed under a single note with portfolio pricing.
Partial release provisions available. Some capital sources underwrite on
aggregate portfolio debt service coverage rather than property by property.

### Short-Term Rental (STR) Loans
DSCR financing underwritten on short-term rental revenue. Some capital sources
accept projected revenue from platform data where there is no operating history.

### Gap Funding
Short-term capital bridging to permanent financing.

## Specialty Programs

LendingStreet's network includes capital sources that write scenarios many
national lenders decline:
- No-ratio DSCR (no debt service coverage ratio requirement)
- Sub-1.0 DSCR with compensating factors
- Sub-660 FICO on select programs
- Condotels and non-warrantable condominiums
- 5-to-8 unit multifamily
- Short-term rental income with no operating history
- Rehab budgets exceeding the purchase price
- Foreign national borrowers
- First-time investors and first-time flippers

## Frequently Asked Questions

**Is LendingStreet a direct lender?**
No. LendingStreet is a licensed investment property financing firm with direct
relationships with more than 30 institutional capital sources. Loans are
funded by those capital sources, which set the final rate, terms and approval.

**Is LendingStreet a hard money lender?**
LendingStreet places hard money loans. Fix and flip and bridge financing are
asset-based loans underwritten on property value and the deal rather than the
borrower's personal income, which is the defining characteristic of hard money
lending. LendingStreet arranges this financing through its capital source
network rather than lending from its own balance sheet.

**What is a DSCR loan?**
A DSCR loan is a rental property mortgage that qualifies on the debt service
coverage ratio — gross monthly rent divided by the full monthly payment
including principal, interest, taxes, insurance and any HOA dues. A ratio of
1.0 means rent exactly covers the payment. No W-2, tax returns or
debt-to-income calculation is required.

**What is the difference between a bridge loan and a fix and flip loan?**
Both are short-term asset-based financing. A fix and flip loan is the specific
case where the investor is purchasing, renovating and reselling, and it
includes a rehab draw facility. A bridge loan is broader and covers any
transitional financing need, including fast acquisitions with little or no
renovation.

**Does LendingStreet lend in my state?**
LendingStreet places financing in all 50 states. Program availability by state
varies by capital source and product.

**What credit score is required?**
For DSCR loans, 660 is standard, 640 is workable with compensating factors, and
620 is available on select programs. Requirements vary by capital source and
interact with leverage.

**How fast can a loan close?**
Fix and flip and bridge loans close in 5 to 10 business days. DSCR loans
typically close in 21 to 30 days. Construction timelines vary by project.

**Is an appraisal required?**
On bridge loans, a Broker Price Opinion is frequently accepted in lieu of a
full appraisal, which removes the longest fixed step in the closing timeline.
DSCR loans generally require a full appraisal.

**Does LendingStreet lend on owner-occupied property?**
No. All LendingStreet financing is business-purpose lending on
non-owner-occupied investment property.

**Can I borrow in an LLC?**
Yes. Entity vesting is standard on DSCR and investor financing and most
capital sources prefer it, because it confirms the business purpose of the
loan. Expect to provide the operating agreement, articles of organization, an
EIN, and a personal guaranty from the members.

**What if my deal was declined elsewhere?**
Experience requirements, credit floors, property type exclusions and ratio
minimums vary widely between capital sources. A decline frequently reflects
one lender's guidelines rather than the quality of the deal. LendingStreet
places the same file against multiple programs.

## Contact

LendingStreet
JRS Home Loans LLC d/b/a LendingStreet · NMLS #1734316
(877) 298-1001
investors@lendingstreet.io
https://lendingstreet.io