Amortization for private money loan

[Zachary Beauchesne]

Hi all I am looking at different options regarding financing my first deal. I fully understand how an amortization schedule looks for a conventional loan but how about for a private loan? Is it a lump sum set percentage payback or is it say 10% over 12 to 36 months? Do private money lenders offer just a lump sum payback?

[Cameron Tope]

@Zachary Beauchesne Great question! The terms will depend on the private lender but the concepts are the same - amortization period, interest rate, points, ballon payment, etc. 

Once you know the terms, then you (and hopefully your lender) can put together the repayment schedule.