Do you have to be accredited investor to become a private lender

[Frank Y.]

Hi, BP friends:

Not sure if this topic has been discussed before or not. I always get questions by new private money lenders: do they have to be accredited investors to become a private money lender? I know that if you invest into syndication or crowdfunding, you will need to be an accredited investor. But what about a person lends his money directly to his friend or acquaidance for an investment property (fix & flip) and put an mortgage and note on that?  Many thanks. 

Frank