Private Money Lending
Here's a question for the PML's out there... I am currently preparing to loan money to one of two partners in a real estate transaction. (The other partner is bringing their own cash to the closing table.) Do I need to prepare my loans docs (installment note and mortgage) any different in this situation than if it was a single purchaser rather than two? I am presuming that the deed will be issued to the parties as "tenants in common". I am located in Pa.