How to structure a Private money deal?

[Michael Baradell]

Hi everyone!! I am exploring the option of partnering up with a private money lender and I was curious on how these deals are typically structured. I realize no two deals will be the same, but is there say a "rule of thumb" when structuring these deals? Here are a few of the questions that I have: Fees to the lender? Interest rate? Can the deal be a 50/50 split with no other fees? Term of loan? If the plan is for a buy and hold, what happens in that scenario? I know there are plenty of other important items as well, but at least these questions should point me in the right direction.