They are the ones lending.

There is no lending de minimis federally for homes being sold by someone who did not live in, or inherit the home.John Ferdo maintains a list of rules for dealer's licenses which has no impact on lending rules, unless the titling authority in the state also does not allow unlicensed seller financing of titled manufactured homes.

I am currently working for a real estate lending company in Las Colinas.

Are there Hard Money lenders who will lend for a secondary lien?

@Terone JohnsonTypically non-recourse lenders will not lend more than 70% LTV to an IRA, in this case the LTV is super high, which is sounds suspicious to me.

They are hands-off, institutional grade real estate investments, and they allow you the option to diversify.

Today's news, Wells Fargo back to lending home loans at 3% down without FHA.

People will lend to you so you can leverage your purchasing power, but I've seen people get stuck in those loans without being able to contribute more to their IRA but a needing to fix up an IRA owned property.Don't buy non-performing assets in your SDIRA.  

Lending is still pretty heavily regulated and the purse strings have not been loosened all that much.

@DavidFaulkner - you're right, Although the idea hard money lending seems simple, it's not my niche' and I certainly don't want to recommend anything I can't back up.