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Updated over 11 years ago on . Most recent reply

Phil Z.'s profile image
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Phil Z.
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  • from Orange, CT
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Phil Z.
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  • from Orange, CT
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Phil Z.
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  • Orange, CT
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Private Lending & Conventional Mortgage Advice

Creating a Private Loan Agreeement

Phil Z.
  • Real Estate Broker
  • Orange, CT
Posted

Are there any Loan Terms Agreements available to use when securing private money on a property?

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David Beard
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David Beard
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Replied

Two pages? That Fannie mortgage is 15-20 pages long. The promissory note runs a couple of pages.

Also good to include an Assignment of Rents rider for your investors, as additional protection. (The attorney should recommend it.)

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