Can lender force me into foreclosure if I can't repay at maturity

[Diane G.]

I have a rental property that has a market value of $1.5M and $300K mortgage on it... The 10 year ARM is coming to maturity around 7/17, but I can't find a lender that still does that type of loan anymore (TIC for rental)..

What is going to happen if I can't make the balloon payment at 7/17? I reached out to the bank (Stanford Credit Union) and they told me they could extend "a few months" but that does not really solve the problem...

They dont want to renewal the mortgage because they are getting out of the business themselves... Any one has a similar experience before?