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Private Lending Fundamentals

How private lending works, the loan structures investors use and how to protect principal.

Rebecca LindqvistRebecca LindqvistFounder, Northgate Private CapitalBeginner 14 lessons 2h 20m 3.9 (12)
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Members-only course. This course is included with club membership.

About this course

An introduction to lending your capital against real estate. Learn how private loans are structured, how lenders are paid, the role of collateral and loan-to-value, and the documents that secure your position.

What you will learn

  • Explain how private lending generates returns
  • Compare first-position, second-position and fund structures
  • Understand LTV, LTC and ARV-based lending
  • Identify the core loan documents

Curriculum

8 modules · 14 lessons · 2h 20m

  1. Module 1

    Introduction

    2 lessons

  2. Module 2

    Core Principles

    2 lessons
    • How Private Lending Generates ReturnsVideo · 12 min
    • First Position, Second Position and Lending FundsWritten lesson · 8 min

  3. Module 3

    Loan Structure

    2 lessons
    • Interest-Only vs Amortizing LoansVideo · 12 min
    • Rehab Loans and Draw SchedulesWritten lesson · 8 min

  4. Module 4

    Financial Analysis

    2 lessons
    • Calculating Lender YieldVideo · 12 min
    • Borrower Analysis: Experience, Credit and LiquidityWritten lesson · 8 min

  5. Module 5

    Risk Management

    2 lessons
    • Documentation That Protects PrincipalVideo · 12 min
    • Recognizing Early Default SignalsWritten lesson · 8 min

  6. Module 6

    Real-World Examples

    1 lessons
    • Example: A Conservative First-Position LoanVideo · 12 min

  7. Module 7

    Case Study

    1 lessons
    • Case Study: First-Position Rehab LoanCase study · 13 min

  8. Module 8

    Final Assessment

    2 lessons
    • Final AssessmentQuiz · 5 min
    • Applied AssignmentAssignment · 10 min

Your instructor

Rebecca Lindqvist

Rebecca Lindqvist

Founder, Northgate Private Capital

Rebecca has originated and serviced more than 900 real estate-backed loans. She teaches lenders how to protect principal through collateral, documentation and process.

Private LendingLoan UnderwritingNote Investing
All courses by Rebecca

Member reviews

  • “Professional, concise and free of hype. Recommended for any member.”

    WIWarren Irving · Aug 29, 2026

  • “Solid course. I would have liked one more real-world example.”

    VCVivian Chandler · Jul 21, 2026

  • “Exactly the level of depth I was looking for. The downloadable tools are excellent.”

    QWQuinn Whitaker · Apr 21, 2026

  • “Solid course. I would have liked one more real-world example.”

    SSSydney Sinclair · Jan 24, 2026

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Once you complete this course, related club investment opportunities in this category will appear here. The Academy teaches how an investment works before you evaluate one.

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