Hard Money Loan Documentation

[John Daniel]

Hi there! 

My partner and I have been looking for off-market deals and have landed on one that looks like it will be a great BRRRR for us, both of our very first projects like this! For lending, my dad is the one providing the hard money loan with the same rates, but much better terms than some of the local hard money lenders in the area.

In terms of paperwork because I want everything to be sound. I was wondering what all would need to get signed in order for this official transaction to occur? I believe it would just be a Deed of Trust and Promissory Note. If anybody has any standards for this or an example of some from their previous deals that I could learn from and draft a document up between the two parties that would be awesome! Thanks in advance!