Private Lending process/checklist

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Hi Everyone,

Does anyone have a process/checklist they are using successfully for private lending here in IL? I understand the basics of a promissory note and mortgage but would like to get details on all items:
- how to screen the person/business/party that you are lending to
- any rules/criteria people use to set the interest rate they are lending at
- any templates for the documentation or sw that generates these templates

Any advice/help appreciated.

thanks,
Brett