" Delayed Financing Loan " question please

[Michael Dunn]

With regards to the DFE option on a Rental property, that is bought as a Investor and not an O.O. ,

Can you borrow up to 100% of the original purchase price + the closing costs and pre-paids?

And if so, is getting 85% ( The cost that it cost to purchase the property + the Rehab costs ) a likely possibility?

Is the DFE loan a cash-out refi loan ?

Can you do a DFE immediately after the rehab is complete ?

And what do Lenders look for, as far as you as a borrower, that would help you qualify for the 85% LTV ?

Thanks - Michael