Participations, without the paper chase.
In a participation the operational load is document logistics: every participant needs the diligence package at closing and financial reporting forever after. Prodeal makes that flow a system instead of a forwarding job.
Loan participation software supports selling or buying a share of a loan: assembling the file a participant needs, sharing it under control, and keeping everyone current as the loan is administered. The friction is usually the file rather than the economics, because a participant will not take a folder of PDFs with no index. Prodeal gives the participant the complete closing record and a live view rather than an emailed copy.
The friction is the file, not the economics
Participations fail to close on time for an unglamorous reason. The economics are agreed quickly between two credit teams, and then the selling lender has to produce a complete, organized file for a buyer who will not accept a folder of PDFs with no index.
If the closing record was assembled by hand, this is where that debt comes due. The file has to be rebuilt, gaps found at the worst moment, and the buyer's diligence list answered from several systems and one person's memory.
Where the closing produced a complete indexed record at funding, the participation package is already most of the way built.
Keeping a participant current after the sale
The work does not end at the sale. A participant needs ongoing reporting, access to the documents, and notice of amendments, waivers and defaults, and the participation agreement says so in detail.
Handling that by email creates two versions of the truth, one in the lead lender's system and one in the participant's inbox, and the gap between them surfaces exactly when something goes wrong. Giving the participant controlled access to the live record removes the reconciliation.
It also removes a recurring ask from the lead lender's team, which is the part that compounds across a portfolio of sold participations.
Trusted by leading Real Estate Teams
Every participant needs the file
At closing and for years after, on a schedule, for independent analysis.
Email is the default and it fails
Forwarding diligence packages and reports to every participant does not scale.
Examiners expect independent analysis
Each participant must hold and have analyzed its own file, not rely on the lead.
Participations, without the packet chase.
A lead and its participants run one deal from one source.
01Scope each participant
Every participant gets access to exactly the file they need, and no more.
02Share from one source
The lead and the participants work one room, so nobody emails a stale copy.
03Report on schedule
Ongoing reporting reaches participants on time, with the record behind it.
04Keep the independent trail
Every access and view is time-stamped, the record an examiner expects.
Run your next participation from one room.
Book a demoEach participant, exactly their file
Access is scoped per participant down to folders and files, so nobody sees another bank's view.
One source, no stale copies
Lead and participants read the same room, so the emailed packet stops being the record.
Reporting on a schedule
Ongoing participant reporting runs as dated items, tracked instead of remembered.
Independence you can show
Every participant's access and views are time-stamped, the independent record an examiner asks for.
Questions lenders ask
- How does Prodeal handle loan participations?
- Leads share the diligence package and ongoing reporting with participants through party-scoped access to one organized deal file, which supports the independent credit analysis examiners expect.
- Can participants see only their own information?
- Yes. Access is scoped by party down to folders and files, so each participant sees the file they need and nothing else.
- Does it support the independent analysis examiners expect?
- Each participant works from the same source with their own time-stamped access record, which supports an independent credit file rather than a forwarded copy.
- How is ongoing reporting handled?
- Reporting items live on the checklist with due dates, so scheduled participant reporting is tracked rather than remembered.
- What does a participant need to see?
- The complete loan file as closed, ongoing financial and covenant reporting, and notice of amendments, waivers and defaults. The participation agreement sets the detail. The practical question is whether they get a live view or an emailed copy that starts aging immediately.
- Why do participations take longer than expected?
- Because the file has to be produced, not because the terms are hard. A selling lender whose closing record was assembled by hand discovers the gaps during the buyer's diligence, which is the most expensive moment to find them.
- Can a participant have access without seeing everything?
- Yes, and that is the usual arrangement. Access is scoped to the loan being participated, so the buyer sees that file and its ongoing reporting rather than the lead lender's wider portfolio.
Every participant, one source.
Bring one participation to the walkthrough. See each bank's view scoped and the reporting on a calendar.