Non-public lending development opens doorways – and dangers – for brokers

“Non-bank lenders are institutional in nature,” Gortan stated. “They’re regulated, have formal credit score insurance policies, and sometimes resemble banks of their operations. Non-public lenders, alternatively, can vary from high-net-worth people to boutique funds. They’re much less regulated, extra nimble and sometimes priced for threat. That flexibility is a bonus, however it calls for extra warning.”