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Updated over 1 year ago on . Most recent reply

Jim Rivell's profile image
Jim Rivell's profile image
Jim Rivell
  • Investor
  • from Philadelphia, PA
  • Member since Mar 2, 2022
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106
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Jim Rivell's profile image
Jim Rivell's profile image
Jim Rivell
  • Investor
  • from Philadelphia, PA
  • Member since Mar 2, 2022
Connect
Jim Rivell
  • Investor
  • Philadelphia, PA
56
Votes |
106
Posts
Private Lending & Conventional Mortgage Advice

Private Loan Payoff Documents

Jim Rivell
  • Investor
  • Philadelphia, PA
Posted

Hey everyone - I am going to be paying back a family member who lent private money on a deal recently. We did sign a loan agreement at the beginning of the loan and there is no early pre-payment in the contract. Do you typically fill out a "Loan Payoff Letter" signed by both parties? If so, is there one specifically that you typically use?

Philadelphia, Pennsylvania
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