How to structure a private money loan?

[Niv Nissim]

Hi everyone!

I’ve got a private money lender (a friend of mine).

I would appreciate if anyone can explain me how does it work in 2 different cases (regarding what should I tell the title company? What documents do I need to give or sign with the lender? Where does the terms of the loan written- is it also with the title company?)-

1. Purchasing a new property with a private money lender.

2. Getting a loans from a private money lender when I already own the property (paid with cash).

Thank you very much for your help!