PML vs Traditional Bank

[Don Taylor]

What are the key differences in approval times and application processes between private money lending and traditional bank loans?

[Patrick Roberts]

Traditional bank loans with follow a standardized process and will generally take 20-30 days to close. Private lending is all over the map - could range from nearly being a bank underwrite to literally a handshake with your cousin Jim Bob. The largest differences will be flexibility (aside from pricing and rate) and the ability to finance distressed assets.