Updated almost 7 years ago on . Most recent reply
Looking to do my first private loan for a condo purchase.
I want to become a private lender for a buyer of a condo in Orlando. He needs to borrow $120K. How do I establish the promissory note terms?I was thinking 2-3 years with a balloon payment. Looking for examples from BP community members. Is there a calculator app that you can fill in and get the numbers? Thank you in advance.