This appeals to some of our borrowers who are more concerned with limiting their initial cash outlays than with the rate.

Unfortunately this is not as apparent and may require speaking with past borrowers but I would go with the lender with a streamlined and rationale draw process even if the underwriting/ origination process requires more of my time & completing/ turning over additional documentation.

its not guaranteed until the title commitment is done and in hand.. lenders want that a few weeks in advance so they have time to review it and check that there is nothing on title they dont like or is a deal breaker to funding.. they dont want to do all the work then have one day to review and approve title. these companies work just like a bank  they have set process's and getting title commitment and funding  same day is not one of them. now myself I will without title insurance.. and rely on a trustee's guarantee and my borrower if something does not go right then my borrower has to make it right.. so it takes a very special borrower that has that capacity.. and or have earned my trust.

Usually it's just the borrower.  

You also have another fun tid-bit that over 85% of people who take out a Heloc refinance in 3-5 years to consolidate or they must in order to pay off heloc to borrow more money.You cannot have (3) loans there is no way a bank or lender is going to take 3rd lien position.

. - The 3rd lender, on the right, with the best rate, requires that one borrower/sponsor be experienced in the asset class, and that they personally live local to the property. - 1 regional lender (Pima + 1 other county), 1 state-wide lender (AZ), and 1 national lender, not in that order, is represented here. 

@Rebecca Belnap thanks for sharing that about borrowers.

So borrowers need to qualify for the full draw amount with current investment property interest rates of near 12-13%. 

If you borrow money against one property to purchase another property, it puts you at 100% leverage and one property is dependent on the other.

You may have to invest more time up front to cultivate the right relationships but these are the relationships that will help you grow and borrow funds that outpace your balance sheet.