Online Lending Partners was formed in 2015 by two well-known family offices in Southern California to invest specifically in alternative lending and other related business opportunities.
OLP provides strategic advice as well as seed, operational and investment financing for selected portfolio investments.
Online Lending Partners completed its first investment in LendingUSA, an emerging point-of-need lender with 12 years of industry experience as a lead gen company specializing in medical lending. OLP provided the initial $5 million in seed capital to launch LendingUSA in May 2015. OLP assisted management in raising an additional round of $25 million in May 2016. In addition, OLP is the Managing Member and participated in the funding of $50 million of preferred equity in LCUSA Funding which is an SPV created in May 2015 to purchase loans arranged by LendingUSA. LCUSA Funding has increased its funding commitments to $125 million as of June 2016. OLP continues to seek out potential platforms with unique ways of addressing loan flow and underwriting.
Howard Freedland, CFA is the Managing Partner of Online Lending Partners and Vice Chairman of LendingUSA and Sequoia Home Funding. With over 42 years of investment and company operating experience, a key aspect of our investment philosophy is to identify investment opportunities where we can offer value-added advice and relationships.
OLP continues to seek out potential platforms with unique ways of addressing loan flow and underwriting. Use our Contact Us page to tell us about your financing needs.