There are higher risks associated with private lending for both the lender and borrowers.
And he is concerned that while private lending has soared in recent years, it may now be turning down.
To qualify, states must demonstrate an expectation that each $1 in federal funding will have a "bang for the buck" of $10 in new private lending.
As such, this $360 million allocation is expected to support more than $3.6 billion in new private lending.
States must demonstrate a reasonable expectation that every $1 in federal funding will generate a minimum of $10 in new private lending.
Accordingly, the overall $1.5 billion federal funding commitment for this program is expected to result in at least $15 billion in additional private lending nationwide.
He opposed debt relief - a canceling of debts -contending that it would cut off future private lending.
Whether you have a long term or short term investment strategy, private lending is the single best way to fund the growth of your real estate portfolio.
The business of private lending is also thriving despite the presence of large banks, which have made mixed efforts to penetrate the city's poorer neighborhoods.
Over 70 percent of private lending to developing nations goes to fewer than a dozen countries.