Tips on scaling need private money lenders?

[Adam Craig]

Seasoned investor looking for tips on finding more private money.

I have been investing in real estate for 8 years. I have 38 single family homes and an eight unit commercial building. I am at the stage where I'm trying to transition into buying more commercial properties and apartments.

My main hard money guy who does this for a living finances 75% if my deals has no problem with how many deals I do and offers 100% financing on purchase and rehab with 15% plus 1 point. I have 2 private lenders that have limited funds and I offer them 10% plus one point that I use on smaller deals.

It's nice to be able to pull the trigger on any deal with my main hard money guy but some of these larger projects like the commercial are scary to do at 15%.

What are some tips for finding more private money? I've always read we are offering them an opportunity we're not begging for their money. What is the best way to present this? should I brag about all the deals I've done and all the experience or put something on paper?

Lastly what is an interest rate I would expect to pay additional private lenders? I am happy thing the two smaller guys I have 10% plus 1 points in something 15% to the big guy. But are lower rates usually entertained by folks with money?