Private Lending Mentorship Circle

About this course

A cohort-based mentorship for members actively evaluating private loans. Each session reviews submitted scenarios, term sheets and documentation in a confidential small-group setting.

What you will learn

• Review live loan scenarios with an experienced lender
• Pressure-test term sheets and collateral
• Build a personal lending policy
• Learn from peers' underwriting decisions

1. Module 1

   Introduction

   3 lessons
   • Welcome to Private Lending Mentorship CircleVideo · 17 min · Free preview
   • Course Roadmap and Completion RequirementsWritten lesson · 11 min · Free preview
   • How to Get the Most from This CourseWritten lesson · 11 min

2. Module 2

   Core Principles

   5 lessons
   • How Private Lending Generates ReturnsVideo · 17 min
   • First Position, Second Position and Lending FundsWritten lesson · 11 min
   • Loan-to-Value, Loan-to-Cost and ARVVideo · 17 min
   • Pricing a Loan: Rates, Points and TermsWritten lesson · 11 min
   • Knowledge CheckQuiz · 7 min

3. Module 3

   Loan Structure

   4 lessons
   • Interest-Only vs Amortizing LoansVideo · 17 min
   • Rehab Loans and Draw SchedulesWritten lesson · 11 min
   • Personal Guarantees and Cross-CollateralizationVideo · 17 min
   • Term Sheets and Extension OptionsWritten lesson · 11 min

4. Module 4

   Financial Analysis

   4 lessons
   • Calculating Lender YieldVideo · 17 min
   • Borrower Analysis: Experience, Credit and LiquidityWritten lesson · 11 min
   • Verifying Collateral ValueVideo · 17 min
   • Stress-Testing the ExitWritten lesson · 11 min

5. Module 5

   Risk Management

   4 lessons
   • Documentation That Protects PrincipalVideo · 17 min
   • Recognizing Early Default SignalsWritten lesson · 11 min
   • Workouts, Forbearance and ForeclosureVideo · 17 min
   • Concentration and Liquidity RiskWritten lesson · 11 min

6. Module 6

   Real-World Examples

   3 lessons
   • Example: A Conservative First-Position LoanVideo · 17 min
   • Example: A Second-Position Loan Gone WrongWritten lesson · 11 min
   • Example: Comparing a Note to a Lending FundVideo · 17 min

7. Module 7

   Case Study

   2 lessons
   • Case Study: First-Position Rehab LoanCase study · 18 min
   • Debrief: Servicing Is UnderwritingWritten lesson · 11 min

8. Module 8

   Final Assessment

   2 lessons
   • Final AssessmentQuiz · 7 min
   • Applied AssignmentAssignment · 14 min