Private lending for 5 years

[James Flores]

Is anyone doing Pml for a 5 year term? If you aren't why not?

[Mike Grudzien]

Private lenders are not permanent mortgage providers.  5 years is a long time.
Private lenders do 3 month, 6 month, maybe 1-2 years, rarely 3.
That is what the market is.  We don't tie up funds for that long.  Period.