The Best Rate Loan is the loan that is available when the borrower can most closely satisfy the "ideal" situation as viewed by the Lender in relation to possible risks.  Some examples of heightened risk are these: requiring a higher LTV than "ideal" is a heightened risk; Not being able to show sufficient ability to repay the loan is a heightened risk; Loaning more money on a property than the property's income rate is a heightened risk.  When a borrower's loan request fits within the "ideal" parameters, then that borrower can get the Best Rate loan.

• $150,000 - $1,500,000 Loan in the Phoenix Metro area
• Commercial up to 50% LTV, Investment Residential up to 50% LTV, and Raw Land up to 25% LTV
• 10.99% APR Fixed Rate with Pre-Payment Penalty 
• Usually Fixed Rate 5 Year Balloon with a 25 Year Amortizing payment  (optional 10 Year Ballon for +1.0% APR; optional 15 year Balloon for +2.0% APR)
• Pre-Payment Penalty: 5pt-4pt-3pt-2pt-1pt
• "No Pre-Payment Penalty" full or partial buy-down option is available

There will still be Inspection, Underwriting, and possibly Appraisal fees