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You fund quickly for the select people you know will be happy to bring you a healthy slice of the profit. Getting a pool of responsible, motivated borrowers is a lot of work. Tracking the deals you have in play shouldn't be. Hundreds of lenders just like you are using Moneylender to keep the rails greased on their hard money operations. With Moneylender Professional, locking in the terms of a deal takes just a few minutes. Attach the paperwork right to the loan for easy document handling.
See Every Deal at a Glance
With your loans in Moneylender, you can easily see how much everyone owes, when the deals hit maturity and you get your money back, unreleased funds you've already committed to pay out. If borrowers are making monthly interest-only payments or if you get your interest and principal in one payment at the end, Moneylender makes it easy to see who, when and how much your inbound payments will be.
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Loan Types Made for Hard Money
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Some loan types in Moneylender are especially useful for hard money lenders. From basic one-payment and interest only term loans, to daily interest construction loans with multiple draws and interest-only payments with a withheld payment reserve, the mechanics of Moneylender's calculation system can account for any deal you throw at it.
Track Your Partners' Shares
If you have a partner or ten, you can set ownership percentages on each loan to easily track what share of a loan's payout goes to whom, and how much of that payout is profit vs. principal. More than 20 years of real-world use means our software has tons of convenient features, so you get the tools you need for every situation that arises.
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Lines of Credit, Draws and Tranches
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Use one of the line of credit loan types for loans where you'll dole out the cash in tranches, draws, disbursements, or rounds. Each time you put money in the borrower's hands, you just record the amount and date in Moneylender and all the math flows seamlessly. If the borrower's making interest-only payments on a line of credit, the regular payment can be set to “Interest Is Amount Due” and will automatically adjust the monthly payment to match the interest earned each month as the loan balance changes over time. Set the Credit Limit on a loan and you can see how much available credit remains for every loan.
Withheld Funds and Interest Reserves
If you hold back funds at closing to use for making interest-only payments for some period of time, you can use an extension account and post a negative transaction to note the credit on the loan. Payoff calculations will automatically reduce the payoff amount by the unused withheld funds so you don't have to account for it separately. When paying from those withheld funds, you record a payment alongside a charge on the extension account, moving the funds from the hold-back to the loan.
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Reports That Match How You Lend
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Reports can be set to run by borrower, so you can easily get a list of all the debts you have with one borrower to show them their numbers. You can attach reports to statements, so Moneylender can even email that list right to the borrower. You can customize and filter reports to give yourself easy access to exactly what information you need. Make a report for open lines of credit to show the total available credit. Make a report for negative Extension1 accounts to see how much in withheld funds you have across all your loans. Make a report for loans with maturity dates in the next 90 days to see how much money's due for payment in the near future. The ability to customize is robust and unlimited.
You know your business and you operate fast. Give yourself a dashboard for your loans that rivals the dashboards you get with a stock brokerage. Easily track and drill into your data exactly how you see the math.
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Simple Pricing, No Surprises
Buy Moneylender Desktop once, or subscribe to Moneylender Online and work in any browser. Same features either way — you're choosing how you'll access Moneylender, and you can add the other option as your needs grow.
Need to keep your data in-house? Host your data on your own server by running a licensed copy of Moneylender Desktop — self-hosting is built into the app, with about five minutes of setup. Your data never leaves your infrastructure, which makes it the right fit for HIPAA, FERPA, and banking data. Watch the 5-minute setup.
Moneylender Online plans by portfolio size: $39/mo up to 99 loans · $59/mo up to 999 · $99/mo for 1,000+. Every plan includes one web user; extra web users are $30/mo each, and desktop license-holders always connect free. Full details on the pricing page.