They would not be offering you a hard money loan (loan based on the hard asset) and instead they are lending to you as a traditional lender with private money.

There are always other options-hard money lenders, private lenders; but they are riskier and will likely have higher rates.

Also, if you’re a private lender yourself, feel free to chime in—I’d love to hear from you!

--------------------------------------I don't think it prevents you as an owner from initiating the action.Personally, I wouldn't have any moratoriums on private transactions.  

I put 20% down using personal and private lending.How did you add value to the deal?

Also, if this is something that you are looking for in a hard money lender, you might want to look into more of a private money lending model verse anything else. 

If you are apprehensive of the market, and believe it will get worse before it gets better, you might consider going to cash, doing a private loan to a flipper on a project where it would be a screaming deal if you had to foreclose, and taking a look in 9 or 18 months. 

First, let's be very clear here.The mortgage your speaking of is a private agreement between the seller and the lender.

Private Money vs Hard Money:Primate money is negotiable.

Did you guys ever raise private money?