If he was raising institutional money he would get destroyed by advisors if he took that approach. 

What if I want to do a full rehab in the future and the unpermitted work is discovered?

@Jeremy SandersPrivate money is money from any individual that is not hard money, bank money, institutional money, etc.

Banks and institutional servicers are not usually willing to get involved and assist customers and stick to the servicing agreement to the letter to avoid liabilities, and that makes good business sence, but we adminstered deals that were underwritten and failure was not an option!

Honestly I would choose a mortgage broker and let me explain you why.When you go to a bank or credit union the loan offer works for that institution and will offer you the rate they company offer, instead if you work with mortgage broker we have the ability to shop with over 100 and more institutions and shop for the best rates available, fast closing and customizable solutions, text me so i can give you my rates base on your credit score.

My mortgage was sold to another institution last year and it seems like they handle escrow differently.

The two primary banks I worked with no longer exist  and all of my original banking relationships have moved onto different banks/lending institutions.

By the time I discovered it, they were so attached to it that I allowed it to stay.

Louis's Central West End neighborhood, walkable to various hospitals, educational institutions, and the cortex, which is an innovation incubator.

Knowledge is power and worst case you'll discover it's not a career you want to do but have a better understanding for how it all fits together.