Link module output with content type
As you mentioned in the comments you field is multivalue field so you should loop over it and render the item inside &lt;li&gt; tag something like the following:

&lt;div class="lenders-block-content clearfix"&gt;
    &lt;ul&gt;
      &lt;?php foreach ($content['field_link'] as $key =&gt; $link):?&gt;
      &lt;?php if (is_numeric($key)): ?&gt;
        &lt;li&gt; &lt;?php print render($link) ?&gt;&lt;/li&gt;
      &lt;?php endif;?&gt;
      &lt;?php endforeach;?&gt;
    &lt;/ul&gt;
  &lt;/div&gt;