Loan tape
A loan tape is a spreadsheet with one row per loan and one column per data field, such as balance, rate, LTV, property and borrower experience, that a buyer or capital partner uses to screen and price loans.
How a loan tape works
A loan tape summarizes a loan or a pool in a standard, sortable format. Typical columns include the loan ID, property address and type, loan purpose, original and current balance, note rate, origination and maturity dates, as-is value, after-repair value, loan-to-value and loan-to-cost, borrower experience and credit score, DSCR for rental loans, payment status and any extensions or modifications.
Buyers run the tape through their eligibility criteria and pricing models before they ask for full files. A tape with missing or inconsistent fields slows that down, and numbers that later disagree with the file can change the price or end the trade.
Why it matters to a private lender
The tape is often your first impression with a buyer or capital partner. A clean, complete tape that matches the underlying documents gets faster answers and fewer follow-up questions. Keeping your loan data in tape format from day one also makes it easier to show your track record when you apply to new capital sources.
Example
Hypothetical. A lender sends a 10-loan bridge tape. The buyer filters out two loans whose LTV is above its limit and one with no borrower experience recorded, and asks for full files on the other seven.
See the fields buyers expect on the loan tape guide.
Where Lender Capital fits
Lender Capital places first-lien, business-purpose real estate loans with capital partners. You apply once, then submit each loan with the full file. We send it only to capital partners whose criteria it fits, one partner funds the whole loan at closing and it is assigned to them. You keep your points (less the placement fee), earn the spread above the partner’s rate and service the loan. You pay a placement fee only when a loan funds.
Lender Capital is a business-to-business platform. This page is general information, not legal, tax or securities advice. Terms of warehouse lines and other funding sources vary by provider; confirm them with each provider and your counsel.