Post insolvency, the framework allows an assessment to all private insurers operating in the state to cover the difference which will subsequently pass the costs along to policy holders.

But, I bet-ya it's also effective.  

Perhaps you could consider hard money in addition to private money?

If we face any headwinds, liquid investments go first so probably crypto but then you bet equities will get pressed.

Your best bet would be to find a portfolio lender whose niche aligns with your investment strategy.

They would not be offering you a hard money loan (loan based on the hard asset) and instead they are lending to you as a traditional lender with private money.

It isn't impossible but as @Jimmy Lieu mentioned, there is a steep learning curve.Depending on your liquidity, out-of-state buy & hold rentals could be your best bet if NYC investing is out of the picture.

And with a twist, that everything from day 1 is designed and built to facilitate intaking private $ into the "fund".

pretty small hurdle to have a good win as a private lender just get paid as agreed.now equity participation loans those can spin the needle pretty well ..

As noted, if your options are Reg D, private offering vs fully registered public offering, even if you are talking Pink Sheet (OTC) stocks, you have public filing costs, annual audit requirements, and likely more on-going expenses that have to be covered by the property(s) owned by the offering.