Investor Appetite for Debt Deals: Sober Living Homes

Hi SF community- I’m working with 2 entrepreneurs that are active in the sober-living niche.

Their model is to acquire single family homes and subsequently lease those homes on a per bed basis in a group-home for sobriety model.

As their monthly cash profile is incredibly healthy, they’re less interested in equity investors and more looking to borrow down payment funds for their next acquisitions to scale.

We’re exploring a promissory note structure that pays 11% annualized backed by a personal guarantee.

does anyone in this community have insights into what investors to approach?