Trying to figure out how to Structure a private money lending such as Interest-rate,how long of term,and any thing else you can think of thanks
Jared, you would have to figure out what your private money lender is comfortable with. Some may want a 5% interests rate and be willing to lend you the money on a 5 year balloon term, some might want a higher interest rate with a longer term, some might want equity in the property. You just have to find a great deal and present lenders with an opportunity, then see what kind of deal you can work up with them on the property. There is nothing set in stone, as long as the numbers work, close the deal!
@Landon Bleau okay thanks for the help