Private lender loan structure

[Jose G Delvalle Bueno]

It seems that all private lenders offer the same program. Finance upto 80-90% purchase price plus upto 90-100% rehab. Interest only with 2-3 points at closing capped at 65-75% ARV. Some have less red tapes than others and some call their loans lines of credits, but at the end of the day it's still the same loan product. Is this the norm or has anyone actually worked with someone that truly offers a real line of credit without all the red tape.