Though many banks have had this program, not many keep it.  It seems to move through lenders frequently or only stays with the banks that portfolio (keep and service) their own loans. It is a niche program that only 15 banks have at any given time due to it's aggressive flexibility.  It is the perfect loan program for the savvy investor who understands leverage, differed interest and appreciation.  At IPL we keep up to date on the changes surrounding this program and establish relationships with the lenders who offer it, due to the power it gives our clients and ourselves.