Updated about 6 years ago on . Most recent reply
Payment Structure for Private Lender
We are looking at doing some residential fix and flips. We have found two private money lending sources, that have money and are interested in lending to us. These private money lenders are new to this, and we are also. We would be treating this as a LOC, and not taking the full amount at one time. Are there any templates out there to help set this up, instead of a standard mortgage calculator? Or any other information that will help us learn about this, as well as show the lenders exactly what this will look like. Thanks for any information.