Learning Center
Everything you need to understand private lending.
Deep-dive guides, a glossary of terms, and short explainers — designed to answer questions before you ask them.
All guides
Browse by topic.
Fix & Flip vs Bridge vs New Construction vs Rental Refi
Four loan programs. A short decision tree and a use-case for each.
Understanding LTV and ARV
Two three-letter acronyms that decide what your loan looks like.
The AVCG underwriting process, step by step
The six-step review every deal goes through — nothing skipped.
What documents you'll need to close
A short checklist — with why each document matters.
How draws work on a rehab loan
Rehab funds are released against completed work — here's how the mechanics work.
Exit strategies for your loan
Every loan needs an exit. Three paths — refi, sale, or 1031 exchange.
How first-lien security protects your capital
What 'first lien' means, why it matters, and what happens in a worst-case scenario.
How investor returns are calculated
The daily-interest formula, worked out month by month for a $500,000 placement.
Using a self-directed IRA to invest in real estate debt
Retirement funds, working in first-lien private lending — how it actually works.
Why we underwrite in-house (and why it matters to you)
No rubber stamps. The upside — and the discipline — of doing every review ourselves.
First-lien private lending vs mortgage funds vs REITs
Three different ways to get exposure to real estate debt — how they compare.
How AVCG evaluates a borrower
The six-step underwriting from the investor's perspective — here's why we say no.
What monthly interest payments look like — and what happens on payoff
How and when interest lands in your account, and what happens when a loan pays off.
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