Who are non institutional Lender?

Non-institutional lenders are individuals or organizations that provide loans without being part of traditional financial institutions like banks or credit unions. They include private lenders, peer-to-peer lending platforms, and hard money lenders. Often, they are more flexible in their lending criteria and may focus on specific niches or types of borrowers, such as real estate investors. Non-institutional lenders typically charge higher interest rates compared to traditional lenders due to the increased risk they undertake.