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At the same time, it would be interesting to know how this situation shall look like if arm’s length principle is applicable
"In what context do you want to know about the arm’s length principle" how normally this agreement shall look like if parties are not connected? What document may be provided if sum is substantial and smth on the paper need to be shown eg. to the bank/audit. What are normal business conditions for such transactions? Shall, for example, the New Borrower pay back to the Borrower less than New Borrower have paid to the Lender instead of the Borrower?
Ideally, I would like to see sample of such agreement. Could you probably recommend any contract template base (me be not free)?