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Private Lender Structuring Deal
Good day everyone.
Long story short, I have a property that I am looking to purchase at 35k. I have a new lender that is willing to put up the money, minus closing costs and rehab. They are a new lender that is highly interested in doing business with me. What is the best way to structure this deal? We are thinking of a loan for 4 years and doing it again for several more. Any advice on how to structure the deal so that it makes sense to them?
Recap:
House purchase 35k
I cover closing costs and any rehab.