Private Money Lending

Private money lending refers to individuals or organizations providing loans to others, typically for real estate investments, using their own funds instead of traditional banks. This arrangement often involves less stringent requirements and faster approvals due to its informal nature. Borrowers might seek private lenders for quick financing or when they don't qualify for conventional loans. In return, lenders earn interest on their investment. It's crucial for both parties to understand the terms of the loan, including interest rates and repayment schedules, to ensure a mutually beneficial transaction.