Current Private Lending Rates

[James Palassis]

Private Lenders: I did some lending a couple years ago, usually getting a couple points and 10% interest. That was when inflation was 2% and conventional rates were 3-4%. Now planning to do some more lending (to local folks I have worked with in the past). 

Question: with inflation approaching 9% and mortgages approaching 6%, what are you private lenders getting for your money these days? Are we still in the 10% range?