One member wants to be bought out and the other two want to develop new commercial product.

A lot depends on the product.

This is limiting my options.I have never utilized the multifamily lending products offered by Fannie, Freddie, etc., so I would be interested to a) hear other BP members' lender recommendations for this sized property and also b) other members' experiences working with Fannie, Freddie, etc.  

Always good to know of other companies who provide products and services!

This is an Interest only loan product that typically lends at 65% ARV. 

There is a 30 year conventional loan product that only requires 5% down, which is great to use with this strategy.Are you focusing on investing in Bangor specifically?

You just need to define your product to hit a certain segment and not all.  

I'm a mortgage broker and can offer just about any product QM and non QM with competitive pricing. let's close some deals!

There are many other options as well including some that are included in property management software products. 

So you not only have to increase production to get the price down there, but also increase production to out-grow OPECS reduction in production, because they will throttle production to keep there profit margin nice and fat.