Others have said that because the lien is tied to the NACA loan, it doesnt have to be paid when you finance out of it. 

You are always going to be working off of lagging indicators, especially with a build that ties up your capital for 1-2+ years. 

Rates are directly tied to the 10-Year US Treasury which are impacted by not only our market-driven economy, but also government action (or inaction).

They could tie you up for months.I flipped that property.

What about the ground up developer that exhausted their interest reserve because  the construction debt was tied to the fed rate, but the project is still perfoming well and they want to hold off on refinancing a bit longer because its still a great long term hold but given the pre-payment penalties they are opting not to lock into a perm rate yet beleiving favorable financing will be available with a patient approach.....

Immediate cash flow might be tight, but the market here could offer unique advantages, especially with your ties through solar sales and possibilities in short-term rentals.

Tying up the property with no payment being made and property taxes accruing for 2 years is not uncommon.  

That's a lot of money tied up in the home. 

Yes, rates are coming down - FYI DSCR Loans generally are tied to the 5-Year Treasuries (vs. conventional thats generally tied to the 10-Year Treasuries)

Thanks Chris.Even if it isn't as economical as the days prior to dodd frank, can an MLO operate independently without being tied to a mortgage bank or lender?