Lendlord raises $2 million for customized financing for real estate investors
The company, which offers data and financial services to real estate investors, will use the capital to further develop its platform and expand its operations globally
Lendlord is an online platform designed to help real estate investors manage, track and streamline their property performance. The platform is composed of an algorithm that analyzes the personal details and portfolios of real estate investors based on their personal profiles, portfolio details, and property details. In addition, it can offer custom loans to finance new business letters or refinance existing loans. Every day, the platform manages around 12,000 real estate properties worth approximately $4 billion.
Lendlord CEO Aviram Shahar
“The coronavirus (Covid-19) pandemic significantly increased the shift of apartment owners and helped them manage their investments using digital tools, which led to the growth of our platform both in terms of users and data. The information gathered here helps us understand the level of investor risk, and thus customize financial products tailored to the level of risk relevant for that user. We are able to significantly shorten processes for real estate investors from investment management and financing their portfolio,” Aviram Shahar, co-founder and CEO of Lendlord, said.
“Lendlord introduces technology that provides a real solution for a large market of property owners. We were very impressed with the amount of information the company was able to gather in a short time from a large number of property owners,” said Glassbox co-founder Yoav Schreiber.
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Lendlord was founded in 2019 by Shahar, Arieh Zucker, and Avi Benizri. The company currently operates in the UK and is expected to expand to other countries in the coming year. The company currently employs 10 people, and operates from its offices in Tel Aviv.
