Setting up private lenders

[Michael Shadow]

Someone I know is interested in helping me finance a portion of my next deal. What's the process on setting this up? Do I have an attorney draw up the papers and then he get's a position on the mortgage? Does he get me a cashiers check then I bring that to the table at close? Does or can he attend the closing? Do I tell the bank that I have a private lender financing a portion of the purchase? Not quite sure how all of this works.

Also is there anyone out there that does private lending? If so then I may not have to go through all of this with the bank.

Thanks,

-Michael