I need help structuring a private money deal!

[Nick Meland]

Hi! I’m a new investor and have been contacting private lenders to form relationships. I talked with one recently who was very straightforward and said he’d be willing to lend half of the property’s current value at 12% paid at the end of the project (assuming it’s a flip). There would be no fees, points or origination fees of any kind. Just half the current market value of the property at 12% paid all at the end. Do you think there’s a way to convince him to cover all the purchase price of the property? I understand the risk on his part by not putting all his money into this project. However from my perspective, 12% is a lot to fund only half. Ideally I’d like to be all in with my money around 12% or less. Let me know your thoughts or if I’m way off in my thinking or any tips you have. Thank you!