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Updated about 10 years ago, 12/08/2014

User Stats

323
Posts
34
Votes
Mike Cowper
  • Wholesaler
  • Farmington, MI
34
Votes |
323
Posts

Private Investor Interested in Loan with 7.5% Interest, no lien. How to structure paperwork?

Mike Cowper
  • Wholesaler
  • Farmington, MI
Posted

Kind of what the title says - I have a private investor who is interested in issuing a loan for 12 months with a simple interest rate of 7.5%. How would I structure the paperwork so it is legal and binding? The investor is someone I know and trust, so I am just looking for something simple to have us sign so there aren't any issues anywhere down the road. 

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