Private Money Process not HML

[Robert Gunby]

How does the process of acquiring private money work. You bring a deal to the potential lender, they like it and decide to lend you the money for a specific amount based on certain conditions. What are the next steps? You go to lawyer, he draws up the contract and then the private lender wires you the money? Or does it go into an escrow account with a third party company? I know it is more complex than that but I'm just trying to understand the scope of that area.