Announcing Sundae’s New Lending Service for Property Investors and Market Expansions

February 17, 2022

Our new lending offering integrates Sundae’s Marketplace with rapid pre-approval and preferred rates.

We’re excited to share that we’ve launched a new lending service for property investors called Sundae Funding, Inc. (“Sundae Funding”). The offering allows investors to seamlessly finance their next property with low, competitive rates, along with a smooth pre-approval and underwriting process.

With this new offering, investors have access to properties and capital on the same platform. Needless to say, Sundae is building a one-stop-shop for investors.

Lending gives investors more options

Considering investing in a new market? The service is currently available in California, Florida, Georgia, Texas, and Colorado with more states to become available over the next few months. When asked about lending, CEO and co-founder, Josh Stech gave an extensive response:

“Our goal in building Sundae’s Marketplace for property investors has been to provide the largest source of inventory where they can easily source their next project, and to provide a range of services to help property investors grow their business. The biggest challenge investors face is finding opportunities. Their second biggest challenge is financing. After piloting lending in our home state of California, we’re excited to begin offering the service in more markets so that investors can simplify their buying experience, and offer them a one-stop-shop for property investing,” said Stech.

Sundae’s lending service offers investors low, competitive rates and a quick pre-approval, underwriting, and funding process. Sundae Funding is also available for properties sourced outside of Sundae’s Marketplace. Investors can finance their remodeling and construction fees in addition to the purchase price of the house. Borrower’s furnished underwriting documents are only reviewed once a year, and they are given access to Sundae’s team of loan experts who can offer one-on-one guidance in choosing the right financing option that meets their needs.

Marc Geredes, recently appointed COO at Sundae, is spearheading this effort. Under his leadership, there’s tremendous potential to help investors find funding in our markets and beyond.

New markets

In addition to launching Sundae Funding, we’re thrilled to share the news of our expansion to the Carolinas and Tennessee. We’re now available in Charleston, and will soon be an option for home sellers in Greenville, Myrtle Beach, Charlotte, Raleigh-Durham, and Nashville. The market expansion will increase Sundae’s geographic footprint to 28 total markets nationwide. Our lending service will be available in these markets within the next few months.

“As-is home sellers in the Carolinas and Tennessee deserve more options than what they’re currently being offered. We’re proud to enter these markets and offer an easy and transparent way for them to sell their home without having to make massive repairs or sell it for less than its worth. For investors, these markets are hyper competitive, with 1/3 less supply than usual. We’re looking forward to being the place where they can quickly and easily access our full inventory of properties to make and offer and secure their next property,” said Stech.

Learn more about our offerings

When it comes to funding, more options are always preferred. Increase your options by looking into working with us. For more information on Sundae Funding, contact [email protected].

Sundae Funding Inc. offers loans for business purposes only and not for personal, family or household use. Any lending or loan products offered are only applicable in California, Colorado, Georgia, Florida and Texas.

Sundae Funding Inc. is a licensed finance lender with the California Department of Financial Protection and Innovation, CFL #60DBO-122336. Loans made or arranged pursuant to a California Financing Law license.

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