Self directed Ira for lending

[Kathy Mcguigan]

my question concerns lending from a self directed Ira.  Here's what I would LIKE to do.

Example:

Loan 100k at 10% for say a year. From self directed Ira.

2 points at closing paid to me- not Ira.

Is this something anyone has done?  Or do the points have to go into the ira as well?