We financed this deal using a residential VA Loan.

For instance if this is a $10M portfolio that's levered with loans totaling $9.1M, there's no equity that can be pulled but if this is a $1M portfolio with $100K of debt, its a different story.

these are construction loans 

I've never done any Sacramento STR loans and only been hit up for one potential financing opportunity there.

The most important thing is to ensure your loan is covered in the event of a loss.  

Stop reading if you want.2) I couldn’t guess what “There is a 6 months of grace period before interest payment begins” means.3) They call their $3555 charge a “Loan Fee,” stated a few lines up as 2%. 2% of $235,000 (loan amount) is $4470.4) Do you seriously believe the loan fee, “… IS 100% REFUNDABLE IF THERE IS ANY DEFAULT FROM THEPART OF THE LENDER OR IF THE BORROWER CHOOSES TO TERMINATE THE LOAN.”5) It’s okay to pay an appraiser directly.

They have contacted me for a commercial loan.

They have contacted me for a commercial loan.

If you would like to hold the property for longer, that is fine as well, just note that your loan payment will be done after 20 years.

When I asked for a loan, they asked if my business received money in Euros.