If you go with an I/O option, when the interest only period is over, the loan will be amortized over the remaining term. 

- The mortgage on the property was an interest-only one in order to make the COC reasonable, although by the time the IO period was over, a sell strategy didn't materialize and the increased mortgage wasn't sustainable- The sponsor was a scam (how?)

Due to my experience, I get 90% LTC, 10% I/O 12 months, 2 points up front with no junk fees and I also have one at 100% LTC, 12% I/O 12 months, 4 points up front and $1,500 in other fees. 

Also, a lot of HELOCs have I/O options during the draw period, so that's how they could have "saved" moneyHELOCs are more expensive, but they allow a borrower to leverage money they might otherwise not have.

This can occur as soon as 3 months post close with repairs on a short-term IO program. 

Because there is only one solid platform, developers have an easier time release iOS apps than android apps.

There should be a note and a mortgage/deed of trust.The note will outline the terms of the loan (rate, term, IO, balloon, etc)The mortgage/deed of trust will secure the loan to the property and give the lender (your friend) the right to foreclose in the event of a default.

Eastern Bank provided competitive terms, (5.650% interest rate for 5-years fixed, no PPP after 3 years, I/O for 2 years, 30-year amortization)

Looks like it was pulled from the iOS App Store (again) Dave.

You should look for a Mortgage Broker with a variety of "Non-QM" mortgage options - they should have some programs with the 10-year IO (on a 30-year fixed rate) for you