Lightning Docs Update
Our goal at Lightning Docs is to provide the most efficient experience possible for all of our users. One of the questions we constantly ask is: whether all users should see a question in every interview, by default (such as the interest rate); or whether we should hide the question behind a Permission, and let […]
Lightning Docs Year in Review: Private Lending Market Insights through November 2024
December is a natural time to reflect on the past year and plan for the one ahead. 2024 was an absolutely wild ride for our Lightning Docs team and its customers. When speaking to our customers at the end of 2023, the general market sentiment suggested significant interest rate relief in 2024. Markets had initially […]
Q4 2024 Newsletter
The expectation of rate cuts by Jerome Powell and the actual reduction in the Fed rate by 50 bps instead of the much anticipated 25 bps have had their mark on private lending. Private credit and the 1-4 family residential property asset class have proven their resilience. In this newsletter, we will look at the […]
Deferred Payments – Letting Borrowers Kick the Can
Having the option to allow the borrower to defer their interest payments until they pay off the loan can be a useful arrow in the lender’s quiver. Having this option, even if used seldomly, offers a point of differentiation amongst other lenders. This article will explore the features of this option and the considerations one […]
Lightning Docs Update
We have issued an update to the system that modified the following: Yesterday, we sent a standalone e-mail letting you know we made substantial updates to the Loan Agreement and Security Instrument primarily related to Cross Default and Assignments of Leases and Rents. Redlines available upon request. Additionally, the following changes have been made and […]
Lightning Docs Update
We have issued an update to the system that modified the following: Numerous Style Changes Made
Lightning Docs Update
We have issued an update to the system that modified the following: Expand Options Now Available for Non-Owner Occupied Certificate Updated ACH and Note for Business Purpose Language
Lightning Docs Update
We have issued an update to the system that modified the following: BIG NEW FEATURE: Deferred Payments (a) add the deferred payments to the principal loan balance each month, and compound interest, on the new principal balance monthly (charging interest on the deferred interest payments), or (b) to simply add the deferred interest payments to the loan […]
Lightning Docs Update
We have issued an update to the system that modified the following:
Lightning Docs Update
We have issued an update to the system that modified the following: