Lending money for interest paid

[Anita Ahuja]

Hi fellow BPers. I’m in search of some advice: I agreed to lend 50k to a fellow investor/flipper in exchange for 10% interest, min of 3 mo, max 6 mo. I have a lien on one of their properties (worth 175k) until I get paid. I agreed but now I’m nervous and want to back out. Please advise. Is this a regular practice. I don’t know these investors well enough yet to blindly trust. Having a lawyer review the docs will cost more than the interest earned. Thank you in advance!