Furthermore, would this require an ABA even though there is not ownership involved?  

I would consider how much involvement you want to have for your investment.

In fairness, that could be due to disruption from all of the construction.Our current PM has done a good job maintaining the property, but more and more I find myself having to get involved in day to day issues. 

I highly recommend getting involved locally.

For future reference, the agencies will often adjust LTV/DCR by -5% LTV / -.05x DCR for loans involving new agency borrowers with minimal experience / like size AUM / etc. 

Is there a way to separate from them legally without getting a lawyer involved? 

One that involved firing their entire field operations team, which I thought was key to their success.

-------------------------------------------I am involved in a construction project which requires a Builder’s Risk policy/coverage…something off the beaten track for most people.

We keep everyone in the loop all throughout the process.To stay on track, we maintain a comprehensive checklist that covers all the tasks involved in closing a deal.

Should have done more digging up front on everyone involved in the deal, not just the managing GP.