Becoming the Bank

About this course

Take private lending from theory to practice. Learn how to set interest rates and points, service a loan, manage construction draws, and build borrower relationships that produce repeat, well-secured lending opportunities.

What you will learn

• Price loans with rate, points and fees
• Set up servicing and payment tracking
• Manage rehab draws and inspections
• Build a repeat borrower pipeline

1. Module 1

   Introduction

   3 lessons
   • Welcome to Becoming the BankVideo · 11 min · Free preview
   • Course Roadmap and Completion RequirementsWritten lesson · 7 min · Free preview
   • How to Get the Most from This CourseWritten lesson · 7 min

2. Module 2

   Core Principles

   4 lessons
   • How Private Lending Generates ReturnsVideo · 11 min
   • First Position, Second Position and Lending FundsWritten lesson · 7 min
   • Loan-to-Value, Loan-to-Cost and ARVVideo · 11 min
   • Knowledge CheckQuiz · 5 min

3. Module 3

   Loan Structure

   3 lessons
   • Interest-Only vs Amortizing LoansVideo · 11 min
   • Rehab Loans and Draw SchedulesWritten lesson · 7 min
   • Personal Guarantees and Cross-CollateralizationVideo · 11 min

4. Module 4

   Financial Analysis

   3 lessons
   • Calculating Lender YieldVideo · 11 min
   • Borrower Analysis: Experience, Credit and LiquidityWritten lesson · 7 min
   • Verifying Collateral ValueVideo · 11 min

5. Module 5

   Risk Management

   2 lessons
   • Documentation That Protects PrincipalVideo · 11 min
   • Recognizing Early Default SignalsWritten lesson · 7 min

6. Module 6

   Real-World Examples

   2 lessons
   • Example: A Conservative First-Position LoanVideo · 11 min
   • Example: A Second-Position Loan Gone WrongWritten lesson · 7 min

7. Module 7

   Case Study

   2 lessons
   • Case Study: First-Position Rehab LoanCase study · 12 min
   • Debrief: Servicing Is UnderwritingWritten lesson · 7 min

8. Module 8

   Final Assessment

   2 lessons
   • Final AssessmentQuiz · 5 min
   • Applied AssignmentAssignment · 9 min