When you're evaluating a private real estate lender for your next deal, legitimacy isn't optional. If you've found Lendoor while researching private construction loans, fix-and-flip financing, or DSCR rental loans and wondered "is Lendoor legit?"—you've asked exactly the right question. Here's a straight answer, with verifiable facts, not marketing.
Yes, Lendoor is a legitimate, licensed private real estate lender. But there's a critical distinction you need to know: the current Lendoor lending operation has no connection to the original Lendoor crowdfunding platform that operated briefly in the 2013-2017 era. That company is defunct. The Lendoor you're researching today is a separate company—Lendoor LLC, an Arizona limited liability company—founded by real estate investors and mortgage professionals. More on how to verify this yourself below.
Legal Entity: Lendoor LLC (formerly Fundify Finance LLC)
State of Formation: Arizona
Entity ID: 23610685
Address: 727 S Hartford St Unit 220, Chandler, AZ 85225
Website: lendoor.com
Founders:
The company was originally formed under the name Fundify Finance LLC and amended its name to Lendoor LLC in August 2025, reflecting the brand's focus on direct real estate lending for investors.
What we do: Lendoor provides private real estate financing for real estate investors—ground-up construction loans, fix-and-flip hard money loans, long-term rental (DSCR) loans, and bridge financing. We operate as a hybrid lender: for most deals, we fund directly through our institutional lending partners; for deals that need a specialized fit, we broker to partner funds with different criteria. One point of contact, maximum deal flexibility.
Where we lend: 45+ states. We currently do not lend in AK, ND, NV, UT, OR, SD, VT, or MN.
If you've searched "Lendoor reviews" and found references to a peer-to-peer real estate crowdfunding marketplace, those results refer to a completely different company that operated under the same name years ago. That platform is defunct and has no connection—legal, operational, or financial—to Lendoor LLC.
This confusion is understandable and worth addressing directly. Before you do business with us, verify our identity through the company records above. If you find a negative review referencing "Lendoor," read the date and context: it's almost certainly describing the old crowdfunding platform, not the current private lending company.
The framework below protects your capital—use it for Lendoor and every other private lender you evaluate.
Step 1: Verify Licensing
Legitimate private lenders are licensed through state mortgage regulatory agencies. You can look up NMLS license records at nmlsconsumeraccess.org. Dana Lefkowitz, Lendoor's licensed mortgage professional, holds NMLS #1997062 with an active Arizona Loan Originator License.
You can also verify business entity registration through the Arizona Corporation Commission (ACC) for Lendoor LLC (Entity ID: 23610685).
Step 2: Request References
Any lender with a real track record can provide references. Ask for three to five investors who have closed deals in the past 12 months in a deal type similar to yours—construction, fix-and-flip, or DSCR. Call them. Ask about closing speed, whether terms changed, and how the lender handled problems. Real references tell you more than any review site.
Step 3: Review Published Terms
Legitimate lenders publish indicative rates and terms rather than hiding them behind a "contact us" wall. At Lendoor, we provide term sheets within 24 hours so you know the rate, LTC, fees, and conditions before committing. If a lender refuses to give you ballpark terms before you submit a full application, that's a caution sign.
Step 4: Get a Term Sheet and Review It
Before committing to a lender, request a preliminary term sheet. Review it with your attorney or CPA. Legitimate lenders expect this due diligence and welcome it. The term sheet should clearly state the interest rate, origination points, LTC/LTV, term length, draw schedule (for construction), and prepayment terms.
Step 5: Start Small If You're Uncertain
If you're evaluating Lendoor for the first time and want to verify our performance directly, consider starting with a bridge loan or smaller fix-and-flip before bringing your largest project. One closed deal answers more questions than any amount of research.
Ground-Up Construction Loans
Fund new construction projects from land acquisition through completion. We offer up to 90% LTC, milestone-based draws, and terms up to 24 months. We've funded ground-up projects including complex deals where other lenders walked away—our hybrid model lets us find the right fund for difficult situations, including deals with challenging appraisals or unusual asset types.
Fix-and-Flip Hard Money Loans
Short-term financing for purchase and renovation. Asset-based underwriting focused on your experience and the property's after-repair value. Closings in 30 days or less.
DSCR Rental Loans
Long-term financing for stabilized rental properties. No personal income verification—qualified entirely on property cash flow. Available for single-family, 2-4 unit, and small multifamily. Loan amounts from $100,000 to $3.5M+.
Bridge Loans
Flexible short-term financing for acquisitions, gap financing, and transitions between property stages. Terms typically 6-24 months.
For current rates and deal parameters, visit lendoor.com or submit a deal at lendoor.com/deal.
Q: Is Lendoor the same company that ran the crowdfunding platform from around 2013–2017?
A: No. Lendoor LLC is a separate Arizona LLC with no affiliation to the prior crowdfunding platform of the same name. You can verify this through Arizona Entity ID 23610685 and NMLS #1997062.
Q: Can I verify Lendoor's licensing?
A: Yes. Look up NMLS #1997062 at nmlsconsumeraccess.org to verify Dana Lefkowitz's active Arizona Loan Originator license. You can also verify Lendoor LLC through the Arizona Corporation Commission using Entity ID 23610685.
Q: What states does Lendoor lend in?
A: Lendoor lends in 45+ states. We currently do not lend in AK, ND, NV, UT, OR, SD, VT, or MN. Contact us to confirm eligibility for your specific state and loan type.
Q: Does Lendoor change terms before closing?
A: No. Once we issue a term sheet, the terms are locked unless your deal or financial situation changes materially before closing. We document this in the term sheet. If anything changes, we tell you why immediately—never 48 hours before closing.
Q: What credit score does Lendoor require?
A: Minimum credit thresholds vary by product and typically start at 640-660. Because we're asset-based lenders, your deal quality and experience matter more than your credit score in most cases. We've funded investors across a wide range of credit profiles.
Q: Are there application fees?
A: We don't charge application fees to review your deal. Origination fees and closing costs are disclosed on your term sheet before you commit. No hidden fees, no surprises.
Q: What if Lendoor can't fund my deal?
A: We'll tell you directly within 24 hours, explain why, and give you enough information to pivot to another solution. We don't string deals along—your time is too valuable.
Lendoor is a legitimate, licensed private real estate lending company operating in 45+ states. We're an Arizona LLC (Entity ID 23610685), founded by Dana and Ryan Lefkowitz with NMLS-licensed mortgage professionals on staff. We specialize in construction, fix-and-flip, bridge, and DSCR financing for real estate investors—not homeowners, not crowdfunding participants, not peer-to-peer borrowers.
The best way to verify us is to use the tools above: NMLS consumer access, Arizona business records, and direct references from investors we've worked with. Legitimacy is verified, not claimed.
If you're ready to get real numbers on your next deal, visit lendoor.com/deal. We'll have a term sheet to you in 24 hours or less.
Have a deal ready for terms? Submit it below! Would you rather get in touch with us? Feel free to contact us below.
Lendoor LLC is an Arizona-registered direct lender and registered trademark holder. Lendoor LLC is not affiliated with Lendoor Inc. (a defunct New York corporation), any cryptocurrency platform, or any crowdlending service.
Dana Lefkowitz NMLS# 1997062. Loans originated through Lendoor LLC in partnership with licensed mortgage brokers. NMLS Consumer Access: nmlsconsumeraccess.org.
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