Private money lender rate

[Wendy Busa]

I am looking to do my first private lending. They are in need of $75,000 for repairs, unfortunately I would have the second lien on the mortgage. Sounds risky to me and they’re offering 8%. Whereas the first lienholder they offer 12%. The D/E Is .70
Should I ask for 10%? And how Risky is being a second lien holder? Thank you