Typical Private Lending Rates?

[David Marzullo]

Hi, I'm new to bigger pockets I'm interested in different areas to earn passive income. I was approached by a friend who currently has 4 rental properties and is looking for a fifth however his debt to income ratio is limiting his ability to get another conventional loan.  He's looking for me to be his private lender. He needs $30K - $50K what type of rates do private lenders usually charge? Also, it seems most private lenders get points is this accurate?

Thanks,

Dave