Term: Private Lending

GENERAL term: 

The business practice of a private lender. A type of financing offered by entities or individuals that are not banks or financial institutions. 

INDUSTRY term:

A subset of the mortgage industry that concentrates on loans secured by residential or commercial real estate but the lenders are not banks or other depository institutions. These loans are primarily commercially oriented or for “business purpose”. This Bridge Loans, RTL or Fix & Flip Loans, DSCR Loans and Construction Loans.  

PRIVATE LENDING CAN REFER TO: 

Hard Money Lending

Private Money Lending

Asset-Based Lending