My bank offers a cool loan product and suggested I start using it to speed my process up.

I hear that there are commercial products out there offering 30yr amortizations. 

Just like any video camera but the finished product allows the viewer to look around while you move from room to room and narrate.

I commit to being a very productive and active member!

Lender will have limits and rules on hold backs and ask for more than the cost of completion if the product allows.

Unless a rehab is needed and the dates line up.

It is not the interest rate that will usually kill the deal (quotes between 10-14%) as you mentioned this is a way for you to short term finance the deal, but its points you will pay on entry and exit of this short term loan product that will cause things to get VERY costly. 

To get the best type of loan product, there is a 6 month seasoning requirement to use appraised value over sales price. 

To distract you from the LARGE fees being charged for this product. 

I am seeing that the older homes needing renovation are cash flowing and more negotiable than a turn key product.