B-Lender
Quick Summary
An alternative lender between prime banks and private lenders.
ELI5 Explanation
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Think of B-lenders as the middle lane when banks say no.
Detailed Explanation
B-lenders often accept weaker credit or complex income files with lower rates than private lending. They are a common next step in an exit plan.
Example
A borrower refinances from a private lender to a B-lender after improving income documentation.
Why It Matters
They can reduce carrying costs after a private term.