He talks about obtaining private money.

You set your own payment terms with YOUR client and then find funding for them.The Capital Syndicate is a private lender firm that offers financing through their own company, but they also provide you with a list of about 150 other private lenders. 

I've personally utilized private notes on three transactions and participated in another handful of negotiations with sellers on behalf of buyers in the past five years. 

I have found this much easier than being a private lender. 

Question: Should I collateralize the loan (if using private or hard money), or rely on roll-over loans (to maximize the lower points and 3-4% rate)?

I do a lot of private lending and we do make some passive interest, but the good fixing flippers make the bulk of the money.

The industry continues to see consolidation, with private equity-backed firms actively acquiring, albeit at a slightly slower pace than the frenzy a few years back.

The "private money", btw, is supposed to be Arnold's own money from one of his three "private equity firms."

You can use seller financing, or you can use hard or private money.

This is the first time I've heard of such a thing as a land swap, especially between a municipality and a private entity.