First time approached as a hard money lender - Washington state

[Robert Trazo]

Good afternoon all, I got approached for the first time to be a hard money lender on a deal in the state of Washington. I've never done this, before. I would appreciate any advice you may have on making this happen while protecting my money.  Basically, the investor is purchasing the property for a $1.2mil and essentially wholetailing it after a month or two.  The investor already has a buyer under contract.  It'd be a double closing and I'd get a fee for the use of my money for a couple of months.  I am a complete beginner regarding hard money lending and 'd like to protect my money from loss.  Any and all advice would be appreciated.  Thank you, Rob