Big bank's underwriting requirements are all the same as far as the borrower's credit &, character and the collateral pledged.  

And it reeks of over-lawyering.The entity is also prohibited from adding debt, even if it's not collateralized by the properties.

With FCI you have a vetted seller and FCI holds your funds in escrow until you approve the collateral files.

LOLI did cover 7 states at one time, but not buying them so much, I like to know where my collateral is, I like to be able to see it if needed, won't be doing that buying in Colorado from here.

The bank is a great option if you have good credit and some good collateral.  

Then I can move on to the next property, while using the first to work with a private/HML to use as collateral for my next project.

Sense you would just be leasing the property it couldn't be used as collateral. 

Seller couldn't get it released as collateral.  

You may be able to get up to 250k no collateral necessary.

THERE IS no funding like that it does not exist for RE investors.. the ONLY 3 % money  is for the very wealthy that put up their securities as collateral and then borrow at 1 over libor.. so you have 5 million in securities at one of the big houses and they will lend you 2.5 mil at 1 over libor 2 to 3%  but that its.So here is what hard money is universally around the country so as @Aaron Mazzrillo suggests instead of scratching your head and thinking your going to find some unicorn HML.HML rates are 10 to 14% on rate and 2 to 4 points .. usually need at least 20 to 30% in cash into the deal.. one year terms.. etc etc.. once you establish yourself with these folks over time.. the cash needs can drop and rates drop a little.ON the west coast were we have a VERY stable RE market and TONS of money chasing deals.. you can get HML for 1 and 9  1 and 8 sometimes..