TIAErich your best bet would be to amortize it over thirty with a 5 year balloon. the issue with private lenders  vs. banks is private lenders use their money to lend and many times it may not keep up with inflation - so lending for that long does not make sense.

So it isn't a complete waste, you would simply need to follow the strict reading of the law with no private clauses for consideration...I'm not sure how that plays out since technically if the lease is void, so is the tenancy meaning you could terminate anytime and not wait for the original lease expiration...I'm sure that's covered somewhere, but again I'd ask my local atty what to do given this is such a locally specific issue. 

I strongly  encourage to share this information  and write an email and letter to as many state representatives and the governor to veto this bill or reverse  it.AB 2424 (Schiavo)

I'm looking for ways I can "protect" this private lender. 

I saved the emails and text. 

Teach them to communicate via email or text so you can respond when you have time.

Leverage private lenders and seller financing to avoid draining cash reserves.

Remedy after termination.If the rental agreement is terminated, the landlord may have a claim for possession and for rent and a separate claim for actual damages for breach of the rental agreement, reasonable attorney fees as provided in § 55.1-1245, and the cost of service of any notice under § 55.1-1245 or 55.1-1415 or process by a sheriff or private process server, which cost shall not exceed the amount authorized by § 55.1-1247, and such claims may be enforced, without limitation, by initiating an action for unlawful entry or detainer.

I'm new to posting here... was a member way back in my early days,I'll hit this "contact" button to try and privately get in touch.Thanks for the message

I have done Private Money Loans on auctions in the past.