Anyone hear of Private Money Club (PMC)?

Question

Hello everyone, I've become interested in private money lending and found a group called Private Money Club (PMC). I've done a lot of due diligence looking for a mentorship program, this seems like a really great group and fairly low cost for the program. Curious if anyone has heard about it or knows anyone who's gone through the program.

Any other well known programs that have a decent cost to entry (under 10k)?

Doug Smith · Answer

I’ve been a lender for a long time and know this space pretty well, so when I looked into Private Money Club, what stood out is that it’s primarily a connection platform rather than a lending or underwriting operation. It appears to be designed to help borrowers and individual lenders find each other, but it doesn’t seem to perform underwriting, credit analysis, background checks, or independent deal vetting. That doesn’t make it inherently good or bad, it just means the responsibility for evaluating risk, borrower capacity, collateral, and exit strategy rests entirely with the parties involved. In private lending, those elements are what actually determine whether capital is protected and deals close smoothly over time. Platforms can help facilitate introductions, but they don’t replace disciplined credit thinking, realistic deal structuring, or the experience that comes from seeing how transactions perform across different market cycles.

Denise Supplee · Answer

Hi @Steve Balinski! You might be a really good fit for what we’re doing in our co-investing club.

We have regular deal discussion calls where we vet opportunities together, walk through the risks, and share perspectives as a group. Everyone invests smaller amounts depending on their comfort level, with a minimum of 5,000 per deal. No one is required to invest, but everyone can join the calls, learn, and decide what feels right for them. If you are interested in seeing us in action, we have a deal discussion tomorrow and your more then welcome to hop on the call.

Doug Smith · Answer

I don’t dispute that a 3–4 week course can introduce you to mechanics, and for someone new to lending that’s a reasonable starting point. My perspective comes from a formal credit background started 35 years ago and I'm always learning. Four weeks in to my training all those years ago, I can't begin to tell you how woefully unprepared I was to actually judge risk in the real world. Underwriting isn’t learned in a classroom or a short course. It’s learned by seeing deals perform, fail, and surprise you across different cycles. As with any course or consultant, invest time in looking at their resume before you go down that path. For instance, I recently saw a hotel guru course offered and, when I went to the operator's Linked In page, their job before that was literally waiting tables (no, I'm not kidding). That's a noble profession, but how do you jump from that to charging people to teach them about money. If you're taking a private lending course, make sure the operator actually have a formal lending background.

Steve Balinski · Answer

Hi Denise, that sounds great, I'm definitely interested, but what time do you have these calls. I work an 8-5, get home by 6.

Erik Estrada · Answer

That's crazy. $10k to learn about lending?? Maybe I am missing an important detail here, but wouldn't it make sense to just work with a broker, find the capital source and have the broker help structure the note with an attorney?

Or alternatively work with  a broker that just already has the capital sources in place?

I think I am missing something here..

Nicholas L. · Answer

@Steve Balinski

hello.  i didn't look at your profile or read your other posts but are you networking with local investors and local PMLs?  finding people a half step ahead of you seems like your best bet.

hope this helps

Mike Grudzien · Answer

Doug is spot on!  Take that answer to the bank!

Anyone hear of Private Money Club (PMC)?

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