Loan Release Provisions

[Nghi Le]

We recently got a multiple property buy-and-hold deal under contract.  It's a mixture of commercial (5+ units) and residential properties.  We have a lender that's willing to put all of the properties under one loan (which saves us a lot of costs).  We plan to refinance the properties into conventional loans, one by one.  The lender is setting up release provisions (they call it partial pay-downs) so that we can do that, and the acceleration clause is 120% for each property.

Has another ever done a loan like this before?  Are there any complications I should watch out for, especially during the refinance?