Private Money Lender Capped at 10

[Dustin Verley]

Hopefully this is the best forum to post this. If there is a better forum, hopefully a moderator could relocate this post.

I was reading elsewhere online that, in context of private money lenders, if you were to bring on individuals as private money lenders, your only capped at 10 people. Something that has to do with 10 being the maximum amount of people in a first position lien or deed.

Can anyone confirm this and/or verify for me that scope of this.