Funds/syndications for private credit

[Rob Block]

Hey all,

I was planning to purchase a small MF property in San Antonio, but have had trouble finding anything that would have much cash flow, even if I pay over 50% in cash.  Rate caps are around 5-6 for 4-plexes in decent areas.  So I'm considering pivoting to the lending side for the next 1-2 years.  I have around 300-400K to invest and don't want to put it all in one property.  I'm also a newbie and not confident in evaluating projects and borrowers, so would prefer to partner and diversify.

I'm looking at debt funds at crowd funders like Fundrise, as well as business development (BDC) ETFs like Ares, Blue Owl, Golub. Ares (ARCC) in particular seems to have good stability along with high yield.

Does anyone here have experience or recommendations on potential investments?

Thanks, Rob