Experienced rehabber (40-50 deals/year) looking to shop some more hard money lenders.

Values have stayed very steady in that area, with its proximity to Oviedo and Avalon on either side that have the great schools and shopping/family friendly retail. 

It's true you get a tax deduction for your mortgage, but you also pay taxes on whatever else you decide to do with that money.I would list all of your known investment opportunities, what you think the after tax returns would be, and a risk level 1-5.If paying the mortgage is a clear standout on that list on a risk/reward basis, I would spread out the $60k over a period of time and apply it to principal.You might have other goals like cashflow or reducing risk which might weight towards paydown also.

Personally as someone living in Old City the many developments along Christopher Columbus Blvd, and the capping project along I-95 near present great opportunities in the future for new shops and restaurants.What are your thoughts!

You need to start by asking the seller what their true financial needs are out of the deal.

We don’t know what transpired and if any of this is even true.

That's not true in all cities, effectively putting you out of business if the city doesn't allow non-hosted stays. 

This just isn't true.

I would strongly advise against it unless they are a true handyman, carpenter, plumber, electrician, etc.

They are a reputable DSCR Lender however it is always smart to shop around on rates and terms and get multiple quotes - no reason to just settle on one!