Investors cut, whats the norm?

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When dealing with an investor whats the standard cut on their loan? For example a property that I am looking at with a cash offer of $35K and an estimated $35 to $40K in repair work. The house has a fair market value of $110K when all done. The investor would like to put in $10K which would go for the repair work since I am buying the house with my money. This person also lives close to where the home is being bought so he will be able to check on the contractors and make sure everything is being done and on time. What would the standard percentage be for his loan after the home sells? This investor is not your typical hard money lender, just a friend who wants to get into the market with me. I did not seek him out to join up with me, he approached me with the offer.