A private money lender is a non-institutional (non-bank) individual or company that loans money, generally secured by a note and deed of trust, for the purpose of funding a real estate transaction. Private money lenders are generally considered more relationship-based than “Hard Money Lenders”. The private lending community provides a very unique lending platform, often without a Board of Directors, internal strict underwriting guidelines or an onerous policy-based decision making process. Underwriting, pricing and funding decisions are usually made using common sense, by 1-2 people who often are the actual check writers. Simply put, Private Money Lenders offer financing options that are unavailable through banks and other traditional lenders. Companies like Debtcraft are experts at pairing investors who have money to lend with borrowers seeking capital to fund a Real Estate Investment. The primary benefits of using a Private Money Lender are Quick Loan Closings and less paperwork requirements.