Passive lending funds for NON-accredited investors that pay ~12%?

[Jeff L.]

I'm looking for a way to passively lend into a note fund, or crowdfunding fund, or real estate developer/company.

But every one I've seen so far has been offered to accredited investors only.

One example is PPR's Note Fund, but there are a bunch of other ones I've looked at too. All accredited investors only.

Are there any funds that you know of that are available to non-accredited investors, that pay 10+%?

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Note that it doesn't have to be a note fund. It could be a hard money lender fund, or anything related to real estate, etc.

[Dave Blackman]

Another option besides investing in a "fund" is to invest directly with note investors as a "joint-venture" -- where you provide the funding and they source and manage purchased note assets, which passively pays you a split (typically 50/50, but some investors like myself go 60/40 favoring the "lender") on net profits resulting from interest received or sale of the note or property (after DIL or foreclosure). If the investor knows what they are doing, achieving 12% ROI (and often higher) is very doable with your investment secured by the property tied to the note.