Deal Structures

Understanding Promissory Notes vs. Equity Splits

The two legal structures used in private real estate investing — what each one means for your position, your return, and your risk.

Key topics

  • The promissory note — how it works, what it says, what it protects
  • The equity profit-share — how returns are calculated, why upside is higher, why risk is higher
  • Which structure is used in each EXL program
  • What to look for in each type of agreement
Full guide content in development. This guide currently outlines the topics it will cover. For a walkthrough now, request an investor call.
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