$ from Investors for a Commercial RE Purchase

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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?


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.