They are sponsoring for the Non Recourse and it's up to the student to pull money from where ever they can pull it from, usually some kind of private lender 

@Dan GroveAs a private money lender I agree with Nicholas' sentiment.

My family made theirs in real estate (house hacking a private money funded 4 family when I was little) so two different philosophies.

The question I'm up against is what private money is going for these days for a build with this much room for upside.

Our last deal we engaged a mortgage broker that also brought a Private Equity LP (Limited Partner) to the deal. 

Private investors want to invest in deals they believe will be profitable.

With software like propstream I can even look at seller mortgage details and MLS private remark.Getting license you only know the legality aspect of being an agent but doesn't necessarily means you would be a smarter one to get to know the market.The only thing that I can not do with propstream is I can not download all disclosures when I try to purchase.

We use it for private lending.

Now most of my deals are a combination of our business money, bank money, hard money, and private money.  

We invest in every property type, in cities across the country, with different syndicators or private partners.