The private money deal on paper

[Jesse Martin]

I'm looking to raise money through private funding.  Some to have ready, and some per deal.  When working the deal with the private lender, how are most of you breaking it down.  Let's say you're requesting $100,000 loan, and the private money is requesting 10% on the money for a two year loan.  Do you just amortize out the $100K on a 30yr mortgage, and run it at 10% interest and pay him monthly?  At the end of the two years do you just owe him the balance form the amortization?  Or is it just a flat 10%, as in if he lends you $100K, you pay him back $110K over the two years?

When discussing points, lets say 2 points, would that just be $2000 on top of everything?

Thanks