Hard-money loan contract

[sdduuuude]

Does anyone on this board have access to a promissory note / contract for a hard-money loan ?

I am looking to do a deal with a friend and we want a real contract in place to make sure everything is clear and we are both protected. Hoping to make use of experts who deal with this all the time and have contracts in place that work.

I’m sure there are plenty online, but I’m looking for someone who is a known expert, known hard-money lender that would allow us to use their contract.

Miss you guys. Real-estate has been on the back burner for us for a while now.

Thanks for your help.

[FlyerInHi]

If the loan is secured by real estate, it sounds just like another mortgage at a higher rate. You foreclose if the borrower misses payments.

[CDMA ENG]

I know a guy who knows a guy…

Collateral is in usually body parts.

Good Luck man.

CE

[patb]

i’d suggest you get an experienced attorney

[EconProf]

I used to do a lot of trust deed investing, and it is fraught with land mines for the beginner. Go pay for a good real estate attorney to play it safe. It will cost you, but then you can sleep at night.

[Jazzman]

Norris Group might be able to help http://www.thenorrisgroup.com/

[SD Realtor]

You definitely want to use a broker to do your note and then have it serviced with someone. PM me if you want a reference.

[Jazzman]

Has anyone invested in crowd sourcing/funding and found it to be worthwhile as an alternative to fixed income investments?

[FlyerInHi]

sounds like the OP is only interested in a sample contract that he can modify for his own use.

[Author]

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