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Real Estate Deal Analysis & Advice
HomeForumsReal Estate Deal Analysis & AdviceNeed Advice on Private Money Lender Paperwork
Peter Lange's profile image
Peter Lange's profile image
Peter Lange
  • Investor
  • from Austin, Texas
  • Member since Jan 20, 2015
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Peter Lange's profile image
Peter Lange's profile image
Peter Lange
  • Investor
  • from Austin, Texas
  • Member since Jan 20, 2015
Connect
Peter Lange
  • Investor
  • Austin, TX
11
Votes |
19
Posts
Real Estate Deal Analysis & Advice

Need Advice on Private Money Lender Paperwork

Peter Lange
  • Investor
  • Austin, TX
Posted Jul 13 2015, 10:16

I'm putting together a deal where we will have 75-80% conventional funding and 20-25% private money - so no money down. For context, this deal is in Texas. I have the private money lined up and committed. However, I'm looking for a template for a private money lender agreement. I checked the BP FilePlace, but nothing seemed to fit. Can anyone help point me in the right direction for a template to use for the private money side of this deal? Of course, the conventional lender doesn't know anything about the private money side of this deal. The private money funds are being seasoned in my account. Do I need to file anything with the county or state on this "second" loan? Please let me know if I need to provide any more deal clarification. 

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