Multiple investors/lenders, one deal?
I'm sure this may have been covered in the past but when I did my search I came up empty (probably using the wrong terms).
My situation is as follows, throughout the years of being in REI I've acquired a few private lending partners. Up until this point, I've always only used one private lender per deal, and mostly for flips. I'm now looking at purchasing more buy & hold, using the BRRR strategy. My private lenders are interested in this.
My question is this, many of the properties I'm looking at would require me to use at least 2 of my lenders for one deal. Does anyone have experience with this? Would love some insight on how to structure this. My concern is having both lenders be equal, rather than having one in 1st position and one in 2nd.
One parameter: I'm not looking to give away equity position.
