Easy to release if needed.  

Ben,First from a Bankers point of view you are over extended from an LOC perspective and its hurting your DTI and future approvals. 

This property will not compete with hotels is what I thought  I PM Tampa primarily (also Ft Myers, Naples, Sarasota, Brandenton, and even some in NJ) and I just released by last unit (had 5 at one time) in Orlando area. 

It's important to note that SEC regulations can evolve, so for the most up-to-date information and advice, you should refer to the latest SEC releases or consult a legal professional.

It might extend your LOC payoff by a month or 2.

Just make sure that it isn't turned off for an extended amount of time.

It is up to the CPA to determine if the taxpayer is an "Affected Taxpayer" and if so which date/dates are being extended.

Initially, the mayor did a press release saying they wouldn’t allow any unrelated occupants to live outside of a certain small area.

The RE agent stated some properties on the river in the past did not get their lease extended to provide better river access.  

I've seen where people add so many loan extensions with optional payment.Say 1k gives you a 1 or 2 year extension and this can be done 4 or so times.This agreement could be changed so many ways to make it work.You could offer a higher interest rate after 7 years to extend to 15 years.