Hard money loan pools for non-accredited investors

[rob in cal]

   I'm intrigued by the idea of having some investment capital in something like the Broadmark fund in the Northwest, which allows investors to be part of a big pool of short term, first position real estate loans, currently paying a pretty nice rate of return.  Alas, the dreaded "accredited only" requirement is in play with them, and short of selling my house I don't see reaching accredited status anytime soon.  Anyone know of any such investment possibilities for non-accredited investors?

[sisto]

I'd be interested in this too. The rules around accreditation really bug me, most of us here would be FIREd already if we met those requirements.

[chasesfish]

I'd pass pass pass pass and pass on this.....fast

Your loaning money to home flippers with a fixed upside.  Sure its first lien, but they were the highest bidder (greatest fool) at an auction and you have to rely on them to have enough margin in the deal while paying a non-bank rate.  If things go bad, that first lien turns into expensive foreclosure, ownership, and resale costs.

Disclosure:  I am in banking and lived this in 2007, unless the fund can give you a performance history that includes 2005-2010, pass.