An investor finds a private money lender. Now what?

[Danny Simard]

Scenario: I'm an investor looking to borrow from a private money lender. I've found that private money lender, we've agreed on high-level terms, and we're ready to move forward. Now what? What do we have to do to get ourselves formally engaged? Lender isn't going to just write a check or wire funds directly to the individual. 

Does the investor create a business entity, then contact a loan servicer to essentially broker the administrative part of it? Instead, does the investor create a business entity, then have an attorney draft loan docs? 

I'd love to hear from those who have done this. Thanks!

EDIT: After posting, this post was suggested, and it answers the question quite well: https://www.biggerpockets.com/...

I'll leave this here for reference. If anyone else has additional points of advice, I'm all ears.