Multiple banks?

[Travis Beehler]

Hi all!

I have 7 rentals across 2 commercial lenders.  The first lender had to cut me off from further deals because they got bought out and their rules changed to not allow out of state investors.  The second lender, I'm very happy with.  Nice people, good rates, etc.  However, I have all my rentals under 3 and 5 year terms with balloons at the end.  Everyone has said that if I make my payments in full and on time, and the properties are profitable (both statements are true), then refinancing at the end of those terms and extending another 3-5 years won't be an issue.

Now, I fully believe those people.  However, I like always having a "plan b" in case for some reason their rules change.

So, I ask all of you out there with lots of units:  Do you use multiple lenders in case such a thing happens?  Do you finance longer terms like 15-20-30 years?  Or am I just being paranoid for absolutely no reason?

I really like my second lender, as they've made it incredibly easy for me to pick up more and more rentals, and I would happily stay with them forever, but I just don't like having that feeling of one day the CEO of the bank comes out and says "From now on, we're not lending for X reason" and that reason bites me in the butt. :)

Thoughts?  Thanks in advance!