Private Lending Questions

[Doug Pham]

Hello all , I am fairly new to private lending documents and am here to get some idea and direction on an agreement and what to include to insure my private lender is comfortable lending.

He’s a good friend and willing to support my home build project for a flat interest rate. In addition to a promissory note he is wanting something to insure he has more security ( maybe a lien / deed ? ). I am also thinking I would attach my plans with a finalized budget to the loan request. I didn't have to do this on previous projects but willing to put it all together.

Land acquisition and construction. Flat interest rate. Principle and interest would be pay back at the end of the project when its sold. 

Appreciate any help and feedback.