Private Lender Payout

[Jamie Wheeler]

Hi Folks -

I'm looking to better understand the structure of private deals, specific to buy-and-hold scenarios. I understand that terms are negotiated and vary from deal to deal, however I'm specifically looking to learn about the options to fulfill the balloon payment.

- I obtain private money to cover the down payment at XX rate, for YY term, with interest only payments.

- At the end of the agreed term, I owe the lender their investment.

- If I have not renovated and the property value has not increased, what are my options for payback?

Thanks,

Jamie