Right, it is not the lender that you need to worry about. The proper way to give a large amount like that if you cannot break it up over a few years to keep it under the gift tax limit ($12000 a year per person) is to structure it as a loan. Then the lender (your father) can forgive a certain amount each year to keep it under the gift tax limit. But it needs to be written up as a proper loan, with a market interest rate. I would suggest a tax attorney write it up.
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