Real-life reps, to me, means seeing properties in person, whatever your asset class. 

We are on the lookout for our next hospitality asset. 

And while I agree that debt is often the cheapest form of capital, if you are looking at a project that involves some form of value-add business plan, you can always refi either when rates come down or you have increased the yield on the asset to exceed your interest rate.But like Stuart noted, for many groups, even the most seasoned syndicators, raising call cash for their deals is effectively impossible.  

Purley asset-based lenders are most likely going to be hard money lenders whose rates are typically going to be much higher.

I'd talk to brokers in your specific asset class and market.Do you already own similar assets?

The workshop shows how SDIRA owners can earn double-digit returns by owning real estate as a bank. 

What I know is that for doing tangible real estate projects, a Spanish SL is needed as a working entity that holds the asset on its balance.

More than doubling in one day did change that a bit, but I am glad I have it and hope it is never needed.I advocate those who have significant assets have the protection necessary to protect those assets.  

For a purchase generally application would be to review an ID, asset statements, and LLC docs if neccesary. 

As an active-duty (soon transitioning) Air Force myself, I know the VA loan is a powerful asset for us.