Questions for Hard Money Lenders

[David Ivy]

I have an investor client who wants to diversify his real estate portfolio by making some hard money loans through a local hard money lender here in Texas. What are some good questions for someone looking to invest with a hard money lender to ask? He fully understands how hard money loans work and how the hard money broker will take a cut for sourcing deals, handling due diligence, originating the loan, and servicing it. So, I'm primarily looking for questions a first-time hard money investor might not think to ask. Thanks!