Do true LTV lenders exist?

[JohnPaul Pacheco]

For a long time I've seen large lenders advertise 70-85% LTV loans. I assumed this meant LOAN TO VALUE, but after getting in touch with some of them, this is deceiving. The ones I have talked to so far are all Loan To Cost period. I've built my portfolio with local lenders doing a true LTV loan with a 15 year note and its worked well. I am working on a larger deal where a 15 year doesn't cashflow that great, but a 30 year would do it. It is 23 actively rented SFRs with a value of $1.5M and a purchase price of $1.07M. The numbers work best for me by only putting up to 10% down on cost for this deal. Does anyone know of any lenders that will work with available equity when making a purchase?