When you’re searching for funding—whether to seize a property deal, consolidate debt, or access fast capital—private lending can be a flexible, effective alternative to traditional banks. But not all private lenders are created equal. With fewer regulations and faster approval processes, the private lending space can unfortunately attract some questionable players. Knowing what red flags to look out for can save you from financial stress, unclear loan terms, and hidden traps. Below are five red flags to watch for when choosing a private lender—and how to spot a trustworthy one instead.