What are different way to structre debt?

[Michael Doherty]

Hi all,

I am in the process of raising capital to fund the down payment portion of a seller financed deal. Without getting into too many specifics, I am looking to raise 50k. The property is not a value add but is a buy and hold... great location, cash cow, off market ect. 

There are many ways to amortize the debt but, I am looking for suggestions on what people may have done in the past that has worked well? After speaking with a few private investors who are interested, I have ended up somewhere in the range of either 10k note @10% IRR amortized over 24 months. Another option is 10k note @15% amortized over 24 month which is obviously more advantageous. I appreciate all the suggestions- thanks in advance.