$ from Investors for a Commercial RE Purchase
2 Replies
Weina Shi
Investor from Wellesley, MA
posted about 1 month ago
HI fellow investors,
I am looking at some projects and I have some investors (many are friends) that want to invest with me. It will only be for a short term with a guaranteed return. Do I need a PPM or an attorney can draft a debt note? Any recommendation for a securities attorney?
Thanks.
Michael Le
Developer from Houston, TX
replied about 1 month ago
Since it's a loan I don't believe there is any regulation by the SEC. But likely there will be state usury laws that you will have to abide by.
Weina Shi
Investor from Wellesley, MA
replied about 1 month ago
@Michael Le thanks