@Richard Heck just sell them yourself i put mine 10 bed and 6 bed on bizquest and also contacted local realtors and local schools that train administrators and managers for ALFs,  , i get 5 inquiries a day 

Painful lesson to learn.

Trying to figure out what their pain point is to see if terms might help. 

Not to mention if the guy or gal leaves or is let go then having proper management over all of these avenues becomes a headache because you do have the administrative access under full corporate control. 

The prepayment penalty could be painful if rates drop within the next decade.

What a pain to have to do this every year.

Every market you go to will have growing pains associated with learning the market nuances, finding the right team, and finding the best deals.

Its a pain to do any work with tenants in there, don't get me wrong, but it does not need to pass before advertising it for rent.   

Alternatively, the taxpayer may change from the impermissible method of determining depreciation to the permissible method of determining depreciation for a 1-year depreciable property by filing an amended federal income tax return, or an administrative adjustment request under § 6227 (AAR), as applicable, for the property’s placed-in-service year prior to the date the taxpayer files its federal income tax return for the taxable year succeeding the placed-in-service year.

I wouldn't advise a LOC with additional collateral.Interest will be market rate, might be higher due to more loan administration with some lenders.