LendingHome is a San Francisco lender to real estate investors that combines technology and expert advice to help professional and first-time investors obtain financing quickly. Established in 2013, the company focuses on financing projects for real estate investors. It announced a $75M Series E round to support growth and expansion in the real estate investment market. LendingHome said it will use the funds to accelerate that growth. The company also appointed Michael Bourque as CEO; Bourque brings nearly 20 years of executive experience including leadership roles at General Electric and service as CFO of Ocwen Financial Corporation. As part of the financing, Richard Byrne of Benefit Street Partners will join LendingHome’s board. LendingHome operates a proprietary technology-driven mortgage marketplace that originates residential and high-yield bridge loans for homebuyers, property investors, and institutional and individual investors. The company is expanding its engineering team to accelerate its next-generation digital mortgage product for homebuyers and property investors. LendingHome also channels loans into externally managed investment vehicles, notably the LendingHome Opportunity Fund II, which buys residential bridge loans originated by the platform. Operating metrics reported in the article show loan volume more than doubled since the first quarter, surpassing $100 million per month and placing the company on an annual run rate of over $1 billion. Since it began lending in mid-2014, LendingHome has funded over $1.75 billion in mortgage loans and employs more than 300 people. The company has raised substantial equity to date, with total equity reaching $166 million following the announced financing. LendingHome operates a proprietary, 100% online mortgage marketplace platform that aims to simplify and speed the mortgage process for borrowers and provide attractive loans to institutional investors. The company says loans close five times faster and at one-third of the processing cost versus industry averages. Since launching in April 2014 it has originated over $100M in loans, records a 35% customer referral rate, and is lending in 13 states with a team of over 85 employees. LendingHome targets the non‑conforming mortgage opportunity and partners with credit funds, private equity firms, family offices and endowments. With the latest funding the company plans national expansion, the introduction of multiple new loan products, and enhancements to corporate infrastructure. The business was founded in October 2013 by Matt Humphrey and James Herbert and is headquartered in San Francisco.

Total raised

$602M

Funding rounds

5

Latest round

Series E

Latest activity

Dec 2020