Private Money buyout Ideas

[Kevin Koone]

Been looking for a long time and I have the opportunity to get into a deal where the current owner will "owner finance" 80% and I have a connection willing to help me with the other 20% as a "private lender".  

What are some of the normal payoff arrangements for private money lenders?

[Skylar Simpson]

Originally posted by @Kevin Koone:

Been looking for a long time and I have the opportunity to get into a deal where the current owner will "owner finance" 80% and I have a connection willing to help me with the other 20% as a "private lender".  

What are some of the normal payoff arrangements for private money lenders?

Well that really depends on what you and your private lender agree on. For instance: One of mine lends me what I need at 8% interest for 5-30 yrs, interest only and I pay them 4% every 6 months.

If your "private lender" wants points and credit checks and all this other stuff -- they aren't a private lender - they are a hard money lender pretending to be a private money lender (this happens ALL THE TIME).