Is 6% a good rate for being a silent partner?

[Olivia C.]

A developer I vetted has invited me to invest in his projects as a silent partner paying 6% interest with monthly payments.

His projects are socially responsible, which is important to me.

Is 6% a good rate?  Someone in another thread mentioned they were getting 9% so that made me wonder.

Thanks for your tips!

[Account Closed]

absolutely not. 6% should come with relatively low risk.  

Development deals are very high risk.  Why do you think sophisticated lenders like HMLs take 12 to 14% plus 3 to 5 points for that kind of deal?  The only thing green about this is the developers profit while he puts the risk on you.  Just say no