Chicago Area Attorney Needed

[Michael Johnson]

Hi BP Investors

I'm making a hard money loan on a deal in Chicago.  The borrower and I both live in Texas, but the properties are in the Windy City.  It's two properties next door to each other.

I need an attorney licensed in IL to draw up a hard money contract.  Actually, 4 hard money contracts, but all really similar.  The breakdown is this:

Condo #1 purchase - me and my cash

Condo #2 purchase - me and my cash

Condo #1 rehab budget - colleague #1 SDIRA

Condo #2 rehab budget - colleague #2 SDIRA

Basic hard money terms on all of these – 2 points in, 2 points out, 12%, 6 month term.

I guess I should look over the documents in the BP library, but I'm limited to a few downloads and would probably get the wrong ones before I got the right one.  =-)

Also, the profit on this is actually quite thin.  Purchase of both condos together is only about $50k.  I'd hate to wipe out the profit on just the contracts.

-Michael