Sounds like you are going with a Fannie/Freddie type loan based on the cap of 2%.  

Mortgages are evenly loaded with interest based on the principal owed.

the gentlemen I fund finds them does the due diligence and I verify based on my years of experience at development.. but keep in mind these have some risk of failure thats one reason the returns are so high..

Hey Chris,This is the website: https://suncrestcapitalgroup.com/Ive been dealing with Kevin Barrios.They have office based out of Florida.I checked BBB and couldn't find them. 

Will - I work with CSSI, the premier company providing engineering based cost segregation studies in the U.S. 

I am local to Los Angeles - based in Orange County.A bit about me: I’m a civil engineer by profession with experience in local government.

@Vincent WeselakIt’s a good idea to get an estimate for your insurance costs upfront since this can vary based on the property type and location, and it’s a key factor in evaluating your cash flow. 

Are you both friends and have unique skill sets and are breaking up the duties of investing based on those skills?

Based on my experience with custom home builds, and the photo they attached with my update, the house *should* be dried in within a few weeks.

ABL, which is the basis for HML/fix and flip lending, will have different criteria and different focuses than multi-year loans based on cashflow and borrower credit score (long term mortgages).