Reason being, this request is not only outside the realm of what I consider to be their appetite for loans at the present time.If it were me, I'd readjust my expectations regarding the terms you are seeking and then take the first lender who made me an offer that was in the ballpark.It's going to be a challenge to find a conventional lender who will offer a cash-out loan of 3MM on a single-use property.

The loan size would be inline with most smaller banks that have an appetite for multi-families.

You need to shop several as they all have different appetites and offer different rates and terms.

You would be buying a big house, converting it to meet TAS2012 (Texas Accessibility Standards), including a fire suppression sprinkler system, and would hire staff to care for up to 16 residents 24/7.

While under contract I was very disappointed to hear them say they had no appetite for my building.

I used to take a very passive approach to real estate investing (hence, the 3 units in 2 years) but now I am gearing up to increase my appetite for acquisition.  

It is my understanding that the seasoning on refinancing a property at 75% of repaired value/LTV at a bank is an FDIC requirement not a banks appetite for said loan.

It really depends what you are looking for and your appetite for risk. 

You can't try to suppress a disruptive technology but eventually it will become too big.  

@Chrissie E Lewis so  not sure if this would help or not but there are credit unions that seem to have an appetite for HELOCs.