Â
These private lending companies provide (bridging) loans that are not subject to the same regulations as traditional banks.
They are often more focused on the value of a property than a borrower’s creditworthiness.
Loans are of a short term nature, typically 3 to 6 months and carry much higher interest rates due to the higher risk deals that they finance.
Some private lending companies might also provide Term Loans, which are longer term funding solutions that could range from 1 year to 5 years.
Always make sure you choose the right funding structure for the type of deal you have.
