Accolend was founded in 2016 by Boris Grinberg, Robert Newman, and Isaac Koyfman who wanted to use their combined 50 years of Wall St experience to revolutionize the private lending space.
Accolend has provided over $850 million in financing across 40 states and Washington, DC, supporting 1,300 real estate projects. We are a no-points, direct lender with in-house underwriting, allowing us to approve loans quickly, pragmatically underwrite loans, and keep costs down for our clients.
Our team understands the challenges of investing in real estate and works with you to provide the best financing option for your project. Whether it’s fix-and-flips, bridge loans, rental loans, or new constructions, we’ve got you covered.
Accolend manages draws in house through a dedicated draw manager. To release renovation or construction funds, the borrower submits a draw request to the draw manager, and Accolend schedules a property inspection to verify the completed work. Once the work is confirmed and reviewed, the draw is funded. Because Accolend is a direct lender that closes loans in its own name with in-house underwriting, borrowers work with the same team from approval through payout.
On closing speed, Accolend has 5 to 12 day closings. Accolend does not publish whether draw inspections are physical or virtual, or a specific per-draw funding turnaround, so investors should confirm both when planning a rehab or construction schedule.
Accolend is a no-point direct lender offering fix and flip, bridge, DSCR rental, ground-up construction, and multifamily and mixed-use loans across 40 states and Washington DC.
• Fix and flip for experienced investors: purchase LTC up to 90%, rehab LTC up to 100%, and ARV LTV up to 75%.
• Fix and flip for first-time investors: purchase LTC up to 80%, rehab LTC up to 100%, and ARV LTV up to 70%.
• Rates from 8% with points or 9.99% with no points, terms up to 18 months, and loan amounts from $115K to $8M.
• Bridge, DSCR rental, ground-up construction, and multifamily and mixed-use programs are also offered, with leverage not published on the fix and flip program page.
Accolend (AccoLend LLC) is a direct private lender headquartered in Paramus, New Jersey, offering no-point fix and flip, bridge, rental (DSCR), and ground-up loans. Founded in 2016, it lends in 40 states and Washington DC to real estate investors for real estate investment purposes, and closes its loans in its own name.
