Bank Changed Policy in 11th hour... what do I do?

[Lacey Burns]

Hi BP Team! 

Construction loan help please! 

I am closing in few days, been 55 days on this construction loan, the bank just sent over the closing sheet  they're only covering 90% of the loan-this is new information! The very reason I decided to go with them back in February, the 10% down was going to be wrapped into the loan. Now, I am having to come up with 45k!

I really do not want to go with another bank and wait 45-60 days... I'm ready to pour concrete! This bank's communication has been awful with several things changing or waiting till the last minute to let me know updates. I feel they've done this and waited till now to tell me about the 45K (citing they "changed their policy in the last month") knowing that time is of the essence with cost of items skyrocketing etc so I am backed into a corner. 

Does someone know the right lingo I could use to get any leverage on this? Is it the bank or the underwriter I"d speak to (I did already have one convo with them and they say there's nothing they can do now...)? Do I let it ride bc we are this close to finalizing? Do I listen to my gut on not liking the integrity of the way they've done business...?

Advice appreciated!

Also, referrals on any banks ya'll have had success with for construction loan (if I do switch and/or for my future properties)!

Thank you,

Lace