Private money and principle payments

[Olga Kostrova]

Guys,

How to structure private money loan so it's not an interest only loan, but payments goes towards equity from the very first payment ,or at least after after 1 year?

Do we have some clause in the agreement on principle-only payments or is there another way to structure it?

What would be the most typical structure that private lenders are comfortable with?

Thank you.

[Dave Spector]

@Olga Kostrova: @Jeff S. answer is spot on.
As an alternative, you could just park your excess cashflow in a separate account to be used when you identify a second project.