Yes, you can be a private lender and invest in a fund or a syndication if you are not accredited.  You must have an established relationship with the person/team who is managing the fund or syndication in order to participate in a 506(B) type fund.   As a private lender, you would have a note and mortgage on the piece of real estate you participating in as the lender.  If you think this is you, please contact us at (937) 557-8123 so we can have a conversation about your investing goals and begin establishing the relationship we need for you to qualify for this type of investment.