What Is The Process For Selling Bulk Loans?

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Hard Money Lenders can of course lend on short term projects up to 36 months but where / who are they selling their longer term rental loans to and what's going on behind the scenes that we can't see? Can anyone shed some light on this process? It is something I do not see discussed very often. 

@Jay Hinrichs maybe you can chime in? lol

@Ronald Starusnak

There is a whole secondary market for longer term loans. Typically its best to connect with these funds or servicers who service the loans to see what is available on the secondary market. The amount of assets on the market has declined significantly in the past three years due to many reasons.