Structuring agreement with lender

[Michal Kasza]

Hi BP fam! I will be doing my first fix and flip very soon. Though, I'm writing to see what you guys think of my structure with my lender/partner on this particular deal and if there's anything I might be missing. Basically I have signed and delivered a promissory note to my lender/partner for the property that he is loaning me funds for. My attorney claims that there really is nothing else that needs to be provided to my lender besides a deed of trust if the lender chooses to ask for it. Although this seems pretty easy, my lender wants to clearly establish a relationship between him and my LLC and to have an agreement structured in place to make everything right. I guess my question is, Is my lender/partner asking for an operating agreement to be created to than have everything written out in detail ?