If you post the amortization period I will attempt to use GoogleDocs to post it so people will have it for future reference.Edit: Just noticed IO...that should be very simple without a spreadsheet

How about a nice IO or 30/15 Baloon or 2/28 or 3/27 or fixed minium on a COSI + margin index.

But here is the result of the negotiations and the final deal I signed.Amount owed to bank $690k   Price I paid $468.7kTerms - Prime floating - currently 3.25%, 2 year deal with 2-1 year renewals of the sameThe loan is I/O and debt reduction is straight-line taken down at the commencement of a construction loan.The bank is to finance 1 spec home at a time during the duration of the loan.

Though I haven't tried the IOS version witch I'm guessing its also very neat and organized.

., don't have to pad as much), they'll provide lower prices.Again, you have every right to do this (and I understand why you do), but as an investor, I'm always a little concerned when a contractor has to bundle material and labor costs to reduce his risk in one or both areas -- that indicates me (whether true or not) that they aren't confident in their line-item bids.Btw, if a contractor isn't confident on his line-item labor bid, I'd much rather him give me a fixed labor bid for the well-defined tasks and then hold off on pricing the areas that can't be well-defined until we get into the rehab. 

I have looked in to construction loans which will offer IO for 24 months at 1.20 - 1.25 DSCR on stabilized NOI.  

Kyle PotswaldCitizens first position HELOC CMG a financial 70% LTVEast West Bank, up to 60% LTV with "no docs” Figure 80% on a rental, not in LLC First Florida Credit Union https://firstflorida.cumortgagecenter.com First CommonwealthFirst Midwest, up to 90% Chicago areaFirst Republic - CaliforniaGreat Lakes Credit Union Veritex , Texas HELOCHSBC 70%, for premier clients only Huntington 75% LTV 5 yr IO product available Hurst Lending and Insurance Investment property HELOC in Texas.

Rates were still decent at the time but we opted to take a IO program so to maximize cash flow....that's the nuts and bolts of the first few

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True you will sacrifice cash flow and typically you'll only get a 5 year term (most cases) but the upside will be that you may not have a pre-payment penalty and you'll have the opportunity to pay down on the principal in the first couple years (vs the IO loan).Ultimately it depends on your business plan.