Guides for private and hard money lenders.
Plain-language guides to the work of running a private loan book: servicing, construction draws, interest and payoffs, cost of capital, and moving off spreadsheets.
How to service a hard money loan
A practical guide to servicing a hard money loan after closing: interest, payments, draws, late fees, default, extensions, maturity and the payoff.
Read the guide →How to track construction draws on rehab loans
How private lenders manage construction and rehab draws: budgets, holdback, draw requests, inspections, approvals, funding and keeping records clean.
Read the guide →Cost of capital for private lenders, explained
What cost of capital means for a private lender, how to calculate it per loan, and why the spread between note rate and capital cost is the real yield.
Read the guide →Calculating per diem interest and payoffs
How to calculate per diem interest on a private loan, the difference between 360 and 365 day years, and what belongs on an accurate payoff statement.
Read the guide →Full commitment vs. drawn balance interest
Full commitment vs. drawn balance (Dutch vs. non-Dutch) interest on construction loans: how each works, a worked example, and how to choose.
Read the guide →Moving your loan book off spreadsheets
A step-by-step plan for private lenders moving a loan book from spreadsheets to loan software: what to gather, how to verify balances, and how to cut over.
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See it with your own loans in mind.
PML is in early access for a small group of active private lenders. Walk through the interactive demo, or tell us about your book and we'll be in touch.