Creative Real Estate Financing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 7 years ago,
Private lending loan documents needed
Hello all,
I'm working on a deal that is supposed to close on Nov 13th. I am putting $10,000 down, which I am getting from 4 different private lenders (1k, 1k, 3k and 5k). The bank is providing the rest of the funds ($40,000) for the purchase and flip.
I'm looking for a contract template for the private lending money. It needn't be terribly complicated; it's just 12 month financing with interest only payments, with the balance due at the end. Anyone have a good resource for that?