If I loan Hard Money, what Returns are Acceptable? Outstanding?

[Stephen Bagnani]

For simplicity sake, say I loan 10,000 to a borrower. 

What total return should I expect, realistic and Best Case?

And what term lengths?

What have you experienced?

[Billie Jo]

They are talking about lien position... as in if the borrowers stop making payments, who gets put in first place for claims. If the lender gets first position then typically they have the first loan on the property. Second position is not as good and considered a little more risky if there is not as much equity in the property.