Need Advice on Private Money Lender Paperwork
I'm putting together a deal where we will have 75-80% conventional funding and 20-25% private money - so no money down. For context, this deal is in Texas. I have the private money lined up and committed. However, I'm looking for a template for a private money lender agreement. I checked the BP FilePlace, but nothing seemed to fit. Can anyone help point me in the right direction for a template to use for the private money side of this deal? Of course, the conventional lender doesn't know anything about the private money side of this deal. The private money funds are being seasoned in my account. Do I need to file anything with the county or state on this "second" loan? Please let me know if I need to provide any more deal clarification.