Business Page
LendSimpli
Lender
4.7 stars
81 Reviews
Markets served
Nationwide
Except the following states:
Alaska
Arizona
Hawaii
Idaho
Minnesota
Nevada
North Dakota
Oregon
South Dakota
Utah
Vermont
About us
LendSimpli is a nationwide, direct private lender headquartered in Tampa, FL. With a laser focus on DSCR Loans, LendSimpli's experienced team prides itself on its competitive programs, clear and transparent communication whilst working with new and experienced investors - helping them to achieve financial freedom. LendSimpli's DSCR program is defined by several factors - minimum asset value of $100,000, minimum loan amount of $75,000. Property cannot be rural and must have sales and rental comparables in proximity. Minimum credit score is 660. Max LTV for a purchase and rate/term refinance is 80%, whilst a cash out refinance is 75% LTV. Minimum DSCR is 0.75x in most cases. Specializes in 1-4 units however, can finance up to 10 units.
Specialties
Hard/Private/Non-QM
Fix & Flip
DSCR (long-term rental)
DSCR (short-term rental)
Rehab for Buy & Hold
Foreign National Loan
Refinance (investment)
Reviews (81)
4.7 stars
81 Reviews
4.7 stars
81 Reviews
0.0 star
0 Reviews
5.0 stars
a month ago
Reviewed by
Stefan Alvarez
Jeff Billiet and the entire LendSimpli team are amazing at what they do. Great communication, attention to detail, and responsiveness. You can tell that Jeff cares about you and your deal with his thoughtful questions, tireless work, and personal customer service. If you're an investor looking for your next lending partner, look no further.
5.0 stars
a month ago
Reviewed by
Logan Payne
Jeff Billiet and the lendsimpli team help me refinance one of my STRs. Their communication and efficiency was second to none. They are my go to lender for all future refinancing events.
1.0 star
a month ago
Reviewed by
Tennessee Homes
Avoid this company at all costs. I had to constantly call to get a status. They kept putting me off and delaying the clear to close. They finally blamed my title company for not being able to close but it’s the same title company I’ve used for over 100 transactions! They know what they are doing. They also came back with a surprise “you need a survey and a structural engineer” for a house that’s been around for decades. They claim they’ve done over $400 million in transactions but they act like they’ve never done a real estate transaction in their life. Stay away.
5.0 stars
3 months ago
Reviewed by
Ana Cristina Kaizer
Working with this team on my rental property refinance was an outstanding experience. From start to finish, the process was smooth, efficient, and completely transparent. Communication was excellent every step of the way, and there were no surprises; everything was explained clearly, and they delivered exactly as promised. They made what can often be a stressful process feel simple and seamless. I truly appreciate their professionalism and attention to detail, and I'll definitely be returning for future financing needs. Highly recommend!
5.0 stars
3 months ago
Reviewed by
Fransuell Kaizer
Great smooth process for my rental refinance! I’ll be returning for sure, there was no surprises.
5.0 stars
a year ago
Reviewed by
Jody Dents
Lendsimpli is a great funder to work with. They are very responsive with request and are open-minded about improvements that help brokers. They make it better for brokers in selecting the best and most knowledgable appraiser vs using an AMC. Happy to be working with them. Best of all..they are friendly!! I recommend them.
5.0 stars
4 years ago
Reviewed by
Cade Jones
Easily the best lender we have worked with to date! From receiving our original quote down to closing day the LendSimpli team was a 10/10 service to get us from start to finish. It was an absolute pleasure to work with a lender who was extremely detail-oriented, always responsive, and willing to do their best to work with you on the specific details regarding your loan product. We worked primarily with James and Corey who assisted us and answered every question we had along the way. Our real estate investing company has worked with several other lenders, but none have compared to the professionalism and efficiency of LendSimpli! We look forward to closing several other deals this year together and we will be referring anyone that comes our way to the LendSimpli team.
5.0 stars
4 years ago
Reviewed by
Joe Foxx
My company Vira Realty Source was able to successfully close a portfolio investor loan with LendSimpli on one of our STRs.( based on occupancy and income) Both Paige and Jackie's approach and diligence was refreshing. They were very transparent and investor friendly. Great rates! And we plan to do more business in the future..closing was fast. The refi funded the day after a mobile closing.🙂
5.0 stars
5 years ago
Reviewed by
Cole Britt
I chose lend SIMPLI because I’m a small business owner and my debt to income ratio is not ideal for banks and conventional mortgages, but our credit is really good. If you’re in this kind of situation, Lend SIMPLI is perfect. We closed within 40 days, the terms were the same at closing as they were discussed in the beginning. No surprise fees. My attorney said the process was pretty smooth for them. I’m a real estate agent, so I have experience with closings and purchasing houses. This was JUST AS smooth if not MORE than a traditional financing situation.
Best of all is their customer service. I personally had two people assigned to me, Paige and Erica. They were incredible. I could txt or call them anytime, and if they were busy they would get back to me ASAP. I even told them about a baby girl I was having the week of closing and they were always so sweet to ask how everything was. They sent me this card after closing. Couldn’t recommend more. The negative reviews are most likely from people that didn’t cooperate with the documents they needed ( which were minimal). I WILL be using them again. Couldn’t recommend more. Seem great from the top down.
5.0 stars
5 years ago
Reviewed by
Yuri Epshteyn
LendSimpli has made it very easy for me to get the process of refinancing done. I am extremely pleased with the team of truly professionals that I worked with Ernie and Margaret, they've answered all my questions, got me the best rate and responded fast to all my emails and calls. Ernie even had to go an extra mile for the appraisal issue that occurred and was able to get the deal sealed and closed. Closing was a breeze. Would highly recommend them and definitely going to call them for my next purchase or refi. Thank you LendSimpli!
5.0 stars
a month ago
Reviewed by
Stefan Alvarez
Jeff Billiet and the entire LendSimpli team are amazing at what they do. Great communication, attention to detail, and responsiveness. You can tell that Jeff cares about you and your deal with his thoughtful questions, tireless work, and personal customer service. If you're an investor looking for your next lending partner, look no further.
5.0 stars
a month ago
Reviewed by
Logan Payne
Jeff Billiet and the lendsimpli team help me refinance one of my STRs. Their communication and efficiency was second to none. They are my go to lender for all future refinancing events.
1.0 star
a month ago
Reviewed by
Tennessee Homes
Avoid this company at all costs. I had to constantly call to get a status. They kept putting me off and delaying the clear to close. They finally blamed my title company for not being able to close but it’s the same title company I’ve used for over 100 transactions! They know what they are doing. They also came back with a surprise “you need a survey and a structural engineer” for a house that’s been around for decades. They claim they’ve done over $400 million in transactions but they act like they’ve never done a real estate transaction in their life. Stay away.
5.0 stars
3 months ago
Reviewed by
Ana Cristina Kaizer
Working with this team on my rental property refinance was an outstanding experience. From start to finish, the process was smooth, efficient, and completely transparent. Communication was excellent every step of the way, and there were no surprises; everything was explained clearly, and they delivered exactly as promised. They made what can often be a stressful process feel simple and seamless. I truly appreciate their professionalism and attention to detail, and I'll definitely be returning for future financing needs. Highly recommend!
5.0 stars
3 months ago
Reviewed by
Fransuell Kaizer
Great smooth process for my rental refinance! I’ll be returning for sure, there was no surprises.
5.0 stars
a year ago
Reviewed by
Jody Dents
Lendsimpli is a great funder to work with. They are very responsive with request and are open-minded about improvements that help brokers. They make it better for brokers in selecting the best and most knowledgable appraiser vs using an AMC. Happy to be working with them. Best of all..they are friendly!! I recommend them.
5.0 stars
4 years ago
Reviewed by
Cade Jones
Easily the best lender we have worked with to date! From receiving our original quote down to closing day the LendSimpli team was a 10/10 service to get us from start to finish. It was an absolute pleasure to work with a lender who was extremely detail-oriented, always responsive, and willing to do their best to work with you on the specific details regarding your loan product. We worked primarily with James and Corey who assisted us and answered every question we had along the way. Our real estate investing company has worked with several other lenders, but none have compared to the professionalism and efficiency of LendSimpli! We look forward to closing several other deals this year together and we will be referring anyone that comes our way to the LendSimpli team.
5.0 stars
4 years ago
Reviewed by
Joe Foxx
My company Vira Realty Source was able to successfully close a portfolio investor loan with LendSimpli on one of our STRs.( based on occupancy and income) Both Paige and Jackie's approach and diligence was refreshing. They were very transparent and investor friendly. Great rates! And we plan to do more business in the future..closing was fast. The refi funded the day after a mobile closing.🙂
5.0 stars
5 years ago
Reviewed by
Cole Britt
I chose lend SIMPLI because I’m a small business owner and my debt to income ratio is not ideal for banks and conventional mortgages, but our credit is really good. If you’re in this kind of situation, Lend SIMPLI is perfect. We closed within 40 days, the terms were the same at closing as they were discussed in the beginning. No surprise fees. My attorney said the process was pretty smooth for them. I’m a real estate agent, so I have experience with closings and purchasing houses. This was JUST AS smooth if not MORE than a traditional financing situation.
Best of all is their customer service. I personally had two people assigned to me, Paige and Erica. They were incredible. I could txt or call them anytime, and if they were busy they would get back to me ASAP. I even told them about a baby girl I was having the week of closing and they were always so sweet to ask how everything was. They sent me this card after closing. Couldn’t recommend more. The negative reviews are most likely from people that didn’t cooperate with the documents they needed ( which were minimal). I WILL be using them again. Couldn’t recommend more. Seem great from the top down.
5.0 stars
5 years ago
Reviewed by
Yuri Epshteyn
LendSimpli has made it very easy for me to get the process of refinancing done. I am extremely pleased with the team of truly professionals that I worked with Ernie and Margaret, they've answered all my questions, got me the best rate and responded fast to all my emails and calls. Ernie even had to go an extra mile for the appraisal issue that occurred and was able to get the deal sealed and closed. Closing was a breeze. Would highly recommend them and definitely going to call them for my next purchase or refi. Thank you LendSimpli!