Private Lending FAQs
How can my borrowers send you payments?
The quickest and easiest way for borrowers to send a note payment is by using our payment portal.
How are payments tracked or how will I know once the note is paid off?
Midland is not a loan servicer. The client will need to track all payments. That can be done through your online portal.
What happens if the note is not paid off by the maturity date?
You will need to amend the terms of the Note. The original Note ammendment must be sent to Midland.
Who can I lend to?
You can lend to anyone that is not considered a disqualified party.
Do you have an example of a note?
Midland does not prepare these types of documents.
Learn more about private lending here
Our home page on private lending gives you the whole story on lending money from your IRA.