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Updated over 9 years ago,
Paul StoutPoster
- Mobile Home Park Investor / Licensed Indiana Real Estate Broker
- Chicago Area, IL
- 135
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- 262
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Looking for a private lender agreement
I am looking for a basic private lender agreement. I have a private lender lined up willing to provide a short term loan. Does anyone have a contract that I can look at and manipulate to fit our needs? I looked in the file place and could not find one. We have not settled on the terms but it will be something like a short term 6-12 month interest loan with a balloon payment and no monthly payments. Example: I borrow $10,000 at 10% and pay back $11,000 after six months.