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Updated over 9 years ago on . Most recent reply

User Stats

262
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135
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Paul Stout
  • Mobile Home Park Investor / Licensed Indiana Real Estate Broker
  • Chicago Area, IL
135
Votes |
262
Posts

Looking for a private lender agreement

Paul Stout
  • Mobile Home Park Investor / Licensed Indiana Real Estate Broker
  • Chicago Area, IL
Posted

I am looking for a basic private lender agreement.  I have a private lender lined up willing to provide a short term loan.  Does anyone have a contract that I can look at and manipulate to fit our needs?  I looked in the file place and could not find one.  We have not settled on the terms but it will be something like a short term 6-12 month interest loan with a balloon payment and no monthly payments.  Example: I borrow $10,000 at 10% and pay back $11,000 after six months.

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