Suggestions on where to find a loan/agreement template for private money investors?

[Andrew Goodpaster]

Suggestions on where to find a loan/agreement template for private money investors? This is for fix and flip... I just want to simply lay out terms, interest, time, etc. Any type of sample or template for this would be extremely helpful.

[Sean Kelly-Rand]

@Andrew Goodpaster - I would check directly with a local closing attorney - the rules for lending very greatly from state to state and you'll need a full set of loan docs. I am a private lender (senior non-bank lending) in Boston (we have in-house legal). It's easy to send the money out but if the loan docs aren't great and collateral isn't properly secured than it's just living on a prayer to get the money back. (We invest via a fund so it has the diversification and it's senior only, so different risk return than a 2nd loan).

-Sean-