Delayed Financing, LTV, and Interest Rates?

[Allan B.]

I am considering purchasing a property for $700k CASH that would appraise for $800k (being conservative).

A few questions:

1.  How are the interest rates like for Delayed Financing?  Are they a bit higher than convention?

2.  Are the closing/origination costs the same as convention financing?

3.  Is there any product that would have a lower closing cost up front (in exchange for variable or higher interest rate)?

4. What is the maximum LTV of this product? Is it 70? 75?

Has anyone had any recent experience with Delayed Financing?  If so, how was your experience?  how long did it take to get the appraisal and funds?