What is the next step after finding a private investor

[Sheila Villacampa]

Two months ago, I started to look for a private investor to rehab a SHF. Eventually I found my aunt who is willing to loan me half of the rehab cost of 50k with 2% interest in the first 12 months. And balloon payment with 8% interest at the end of the 12 months term. This also comes with a promissory note and a deed of trust. My questions are the following: 1. I understand that a promissory note contains the terms of the loan, is the manner of withdrawing the money be included and should it be tied to the rehab phases? Should I have a promissory note be reviewed by a lawyer? 2. Can someone walk me through on how to do the deed of trust. Is it simply to approach a title company and arrange for a closing? 3. Is it possible to close on this in a month? All of this is unchartered territory for me and I want to do it right the first time. Thanks so much for your help.