I am looking to leverage a non-QM loan product for my 4th purchase and I want to use a bank statement loan and I would prefer for the LTV to be about 90% (I heard such products are out there).

It completely revitalized an area that had been in a solid decline for years.

I’d also ask how it’s structured - typically they are tiered (5/4/3/2/1) but I’ve seen some flat prepays as well, meaning the % of the penalty doesn’t decline during the prepay period.  

Someone will try to tackle this industry--we're motivated to be the ones to take a shot at it.Our product and experience are not fit for everyone and it's, by no means, as great as an experience as we'd hope.

Thanks again.No, this is not my asset class - I prefer a higher quality product, in turn I can capture a higher quality resident/tenant - mitigate turnover and increase ROI :)

One visionary comes up with the idea and creates an ingenious product, but later generations will always have the advantage of hindsight and trial-studies from which they can improve their design.It's very difficult to say where the whole space will go. 

Relying on parking companies to manage and improve your "product" is paramount.  

I don't understand why anyone would take that approach when trying to sell a product. 

You have a product that is worth $2,000 a month.

And for sure in the BTR products that are basically built fast and to much lower standards than our builds I can see issues with that product.