Mortgage lenders and conduit lenders all prefund loans.  

He was a flooring guy.I check for copper, pvc, and conduit for electrical. 

A CMBS conduit lender may be an option and foreign nationals are allowed larger ownership position than through the SBA.

did you run electrical yet or have conduit imbedded in the foam ?

You might ask the electrician to either 1) install wires to support a 50 A outlet; it's then OK to install a smaller (fewer amps) breaker and outlet if needed, or 2) install conduit large enough to support wires for a 50 A outlet, then run just the size of wires needed today. 

This included raising the existing electrical line to the new height requirements, a new conduit riser, and service head (I may have those names wrong).  

If you have an external masonry wall, which is exposed to the conditioned space of the unit, then you have very negligible insulation and a massive thermal conduit between conditioned and unconditioned spaces.You would be doing far better by your future tenants to insulate this wall than worry about loosing 2-3" of living space or the aesthetics of a brick wall.Where this is a masonry wall - first confirm if it is a single wythe or 2 (or possible 3) wythes of brick (with a air gap/drainage plane between the outer wythe and the inner).  

was going to glue 2" pink foam on bottom 24" of exterior block basement walls,,, then have electrician run conduit on top of that horizontally for outlets.

Money is just a conduit to do the things you want in life.

Now, a private lender can be introduced to you, but sounds like Shannon is speaking of investors going through a hard money lender as a conduit, which can also put them in the business......Think of a private lender as your grandmother, your co-worker at the office, maybe your CPA or attorney or a business owner you know, where these people loan money to you out of a personal relationship and who don't lend money to just anyone.