How to Structure a Hard Money Loan

[Christopher Evans]

Hello BP Members,

I was recently approached by an acquaintance for private lending for fix/flip.  I have never privately lent but am intrigued by the opportunity.  If I were to draw up an agreement what should be included to protect myself and my money and, while I know lenders vary in points/rates/terms, what would be a good place to start for assets in the OH area.

Thanks in advance.