Good ROI for private lending

[Charles Helaine]

Hi,

My wife and I are looking into buying a piece of property that can be made to be what we need (we have very specific needs because of our business and special need child.)

A conventional lender is out of the question as our credit score have not recovered yet from a hellish 4years of multiple surgeries, a move from Texas to Colorado after the big economic nose dive and a tenant that basically rendered our former Tx house inhabitable.

We were wondering what type of ROI a private lender might expect. We were thinking of structuring the loan as a term loan with a return of 9% per year for a total of 50% return over 5 years.