Despite higher interest rate environment, there's reasonable probability inflation will still continue - thus increase hard asset valuation.

But it may be uncomfortable because the foam is hard, and you start to feel that the longer you sit. 

@Dhruv Patel I believe you are getting ahead of yourself....Where in the US are you all-in (land acquisition, soft costs, hard construction) on new construction multi-family for $100/ft.

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

It may be hard to find unbiased advice on account of that.To me, it seems that his/their core competency is promotion and fund raising.

See managing on the coast is plausible and there are great cleaners and crews on the ground willing to work hard.

It is hard to know where we will be in 9, 11, or 13 months, or whenever everything is finalized. 

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)?

You could explore a private note sale but without hard collateral it could be difficult and would come with a discounted buy out.

The best part is the free CD is nothing more than a bunch of vague suggestions about how you can make all this money in real estate and vague bragging sessions about how he has been around so long and wants to give you all his knowledge before he croaks (paraphrased) Someday I will be completely immune to the crooks attempts at separating me from my hard earned money.