Stuck in my owner-occupied refi?

[John Turner]

Hi BP,

My wife and I recently finished up a refi on our primary home that we’ve lived in for a few years. An opportunity presented itself to move out of our home into my late grandmothers home and convert our house into an investment property. All’s going well until..

I realized that the owner-occupied clause within the covenant terms would apply, and we would be missing an opportunity waiting another 9-10 months. I wrote a letter explaining the situation, which was pretty quickly denied. Pretty boiler-plate letter, but they said they would not make an exception.

Do we have any other options? I’ve looked and can’t seem to find an answer.

Thanks!