Private lender purchases

[Jake Engle]

Hi everybody,

I have funding set up through a family member to obtain a flip. What is officially needed when I go to settlement to arrange for the home to be used as collateral for the loan? Does the title company set up a promissory note to be signed by myself and the lender, or do we type up a promissory note on the side and sign in front of a notary? I just want to be able to make the collateral of the home official on the county property records.

Thanks for any guidance you could provide