I took a risk on their "float down" option when converting from construction to permanent and the best they did for me was 1/2% better than the avg bankrate.com figures.

The seller provided a court order "Order of Dismissal with a mandatory injunction"This document is dated after the rehab and states :"The permanent injunction entered on 12-2009- has been vacated and lifted.

She is permanently in an assisted living facility and her monthly expense for that facility is paid by long term care insurance so the bulk of the $2200 would be available to service debt should the cash flow from the properties fall short.

So the significant difference would be the ability to build in equity, leaving little actual cash in the project once completed and permanent financing is completed.

Angel Oak has good permanent and hard money for investors.

I also like the idea of more permanent tenants in a SFH.

For example...are you trying to put permanent financing on for long term buy and hold?

Once the property was tenant occupied, they went to a conventional lender and received permanent financing at 75% of the appraised value.  

Both companies say this type erosion is common here (North Dallas Area) and bag walls are a permanent solution.FYI - house was built in '84, shop in '04. 

I've been bitten by an early condo investment that now has a permanent annual insurance assessment.On the positive side, I've done well in townhouse-style condos in good locations that are well maintained and fairly easy to rent.