Looking for short term/high interest hard money terms for $6,000

[Kayla Ross]

A rental house in Toledo had a fire and the city is escrowing $11,000 to be released to me upon demolition

I can get the permits and demo done for $6,000

I've already signed my demo contract with the licensed demolition company

I'm looking to use hard money and thought these terms would be reasonable:

short term ~3 month tops high interest hard money loan for $6,000 and a 10% interest rate

a $250 referral fee upon the loan payout if they were referred

I can sign a mortgage and a note for $6,000 on one of my paid off income generating rental houses to cross collateralized (to doubly protect) the money lender

If for any reason I defaulted the lender would have the rights to the $11,000 escrow in addition to the deed of a paid off income generating rental house

I'm being told that that interest rate for hard money lenders won't be sufficient bc of the short term of the loan

What terms are more fair or should I expect for this scenario?

I want the lender to look forward to the transaction without being taken advantage of

Any suggestions or advice would be helpful.