How to structure deal with private lender

[Amanda Bertsch]

My husband and I are in a position to work with a private lender who wants to use the Libor rate+2.5% as a variable interest rate on the note. Our attorney say that it would be far too difficult to structure it in a way that the note changed based on the rate change on a month to month basis (and we agree). Any suggestions on an easier way to figure that note, maybe on a yearly basis at most? This will be a held long term investment for us (rental). Thanks!