I do not think this is a one size fits all answer and there are times where private lending is preferred over traditional financing.

It's just larger than your SFR, 2U, and Quads you described with different lending parameters.That being said, it is not uncommon for a small, mom & pop, operator to have terrible books. 

Thanks Ned, Short answer to explain it, I did not know they were around back then, just found out now when we are coming back, a little background, when I started in 2005, I was a child :) 28 years old and thought I knew it all, all, all :), did not know about hard money lending, only new about bank loans, and Home equity lines of credit, did not know where to find more money, since I did not have much, I would rely on what I could get from banks, loans, credit cards and was not always that great, it was a learning experience.....and Wholesalers, I did not know that even existed, everything I would find back then was already on the market and through a "friend" agent, MLS, FMLS and all those, nothing like what we have today.

If you're interested, I can point you in the direction of a few potential lending options that might be a good fit for your situation.

To access non-recourse financing, your company might need to show a strong track record with larger projects, substantial equity, or seek alternative lending sources like institutional or private lenders.Happy to connect and chat further if you'd like.

Any recommendations for underwriting templates you are currently using for syndications or joint ventures? 

How can a 20th-year-old approach commercial loan officers and investors to lend the money to invest in a 8 or 10-unit apartment?

Will someone lend me money to pay off another hard money loan?

If you want to be passive look into syndications or some type of fund. 

I did a private lending , borrower bought house under the name of LLC, first lien recorded. value of house is at least to cover the loan(as of now).