Most of the time, they make you decide the pre-payment penalty based on a range of interest rates they offer.

I'm gonna offer a different perspective than what's been noted just so you see another option.What if you sold your primary and parlayed that into a 4 family in Boston? 

There are several attractive fixed rate second position cash out options, many with online processes and no appraisal requirements (smaller balances and low LTV's) and fully underwritten options offering up to $500k+ cash out at Prime rate plus 1-2-3% depending on the properties type.

DON'T trust a 3rd party on the price unless they have a scope of work from someone qualified to do the job to ensure the quote. 

Lender now offer up to 85% financing for investment property transactions.  

BP also offers a link to connect with local agents to help you find your investment property.

Just tough to do in this market with mulitiple offers and a very tight window with the 1031. 

There are also some good options just outside the Lake Tahoe basin that can offer year round recreation and 20 minutes to ski areas.

I find that they actually offer more than some other programs at a fraction of the cost. 

So if we offered 5.5%, our company would receive 1% and the investor 4.5%?