Raising Capital for Private Lending

[Ben Whittington]

What are the must knows for raising capital for private money or hard money lending? I'm new to the private lending space and am trying to get my bearings straight before talking to a legal experts. At what point does accepting capital, using the capital in private lending, and paying interest on the capital become a security? If it is a security, I've read quite a bit about Rule 506 exemptions and the impacts of having accredited investors versus non-accredited investors - what is everyone's experience with this? Are there any other considerations to know? I'm located in the Delaware Valley (NJ/PA/DE) area.