Is 2% monthly or 24% annual return to good for hard money lending?

[Jeb Brilliant]

So I was introduced to a guy offering 2% monthly return or 24% annually for a hard money loan. Is this to good to be true?

This guy comes with good recommendations and isn't a slick talker. My BS radar didn't go off when I spoke to him. 

I just don't know if that's a standard, good, great or to good to be true return for a hard money loan. 

If it makes any difference this is in Kansas City. 

Any thoughts?