NC Investor Contract help

[Abraham Saldana]

Hi all,

I am in some unfamiliar territory and would love to get some advice. I am in the middle of two deals to acquire two multi family units and I was able to network with some colleagues and businessmen to invest in me. Currently, they are willing to put forth the cash necessary to procure a commercial loan (100K and 85K respectively). However, I do not know what terms I should provide them or how to properly structure the JV. In general, I am looking to do the following:

Repayment over 10 years with a modest interest rate (The investors are looking for between a 6-10% return)
60/40 profit split

Ability to buy out their portion of the investment early

Any and all help is welcome! And if you have a sample of a JV contract I could potentially look at it would be much appreciated! Thanks!