Most of the lenders in our network are non-bank private lending organizations. Most are relatively small in terms of staffing but have substantial funding to lend. Almost all of them are very niche oriented, focusing on one product or product line. This focus leads to a detailed understanding of the products they carry and how they can be used to fund deals.
These lenders may be capitalized by private equity, insurance companies, pension funds, investment groups, or some other private capital group. There are also several major banks that have spun off divisions to operate specifically in this space of the lending market. There is no shortage of lenders in this space. Skyline has vetted many of them to arrive at a preferred few in each category.
These private lenders are capitalized with private funds rather than deposits, and therefore are not limited by standard bank credit criteria. They have more latitude to approve loans, and they are typically able to process loans on a quicker timeline. Many carry alternative lending products that are typically not available through a commercial bank. This creates another opportunity to fund projects that may not otherwise be bankable, or to source the appropriate type of capital for a specific need.