Updated almost 11 years ago on . Most recent reply
Issuing Notes
Does anyone have some detailed information on issuing Notes to help with the initial down payment on a property? So far, what I've read is that you negotiate the Note terms and provide the Note buyer some security by adding them on the First Deed of Trust.
I'm hoping to get more than just surface level information on the topic as well as typical structure of the Note i.e. rate, term, monthly/annual/ at maturity payments.
I'm thinking about issuing a 2yr Note at 10% with annual interest payments. Note would be for 20k.