Hard money loans at 30%

[Miles Trumble]

Hi forums, hopefully this is a straightforward question.  Is 30% on s hard money loan unrealistic?  It's 3 months with the interest paid upfront.

Through a connection life long friend I've got an offer for hard money lending.  The return rate surprised me though.  My understanding so far is the loan is secured through a middle man RE Agent.  If the loan can't be repaid the agent takes ownership of the property and pays the investors back in cash.  

From what I've seen though, hard money can be had for much less than 30% so that made me skeptical.  But im new to lending and maybe this is more common than I realized. 

Thanks for any insight or experience.

[Anna L.]

Are you saying HM charges 30% for a 3 month loan? Then run! I'd say an average is 3%-5% points upfront plus 8%-14% annual without prepayment penalties and between 6-18 months term.