Hard Money Contracts

[Peter Grosso]

Hello All, 

If I have private lenders who have never done a hard money loan but is willing to loan me money what contract should I use?  Promissory note? 

[Karen Margrave]

@Peter Grosso You will need to know what is required in your state. Some states require that loans be done through a licensed mortgage broker, I don't know if yours does. Maybe @Ann Bellamy can steer you in the right direction.