Lower rates, lower fees, they do however take longer to close so I strongly advise an extension option in your contract.If one of the above is an issue, then private lending is an option.

Are they performing well.

It was also a surprise because this was a "as-is" property and when we got in we saw there was extensive flooding damage in the basement.  

The firm has had MHC as its top performing property type for the last year and a half and a November 2018 report described MHC as “one of the most attractive property types in both the public and private markets due to 1) a best-in-class cap-ex profile; 2) structural barriers to new supply; and 3) still-too-high nominal cap rates.”Best, TK

We were under contract on a property pretty quickly but after numerous extensions the deal fell apart. 

Idea would be to restructure terms and give a 2 year extension of I/O payments for the borrower in hopes he could secure financing.

I have the credit, but coming up with the down will be a stretch. 

However, this is the military forum so I will add this: If you were moved out of the area on military orders you get a 10-year extension on the 2-in-5 rule.

I have a handful of RENTAL properties I want to perform a 75%+ LTV cashout refinance upon and get a rate better than 5.50% amortorized over 30 years or more.

Upon the expiration of the Lease and any extensions thereof, Tenant shall surrender the Premises in as good of state and condition as they were in at the commencement of this Lease, reasonable wear and tear from ordinary use excepted.The issue here is there is not mention of a $$ for a Penalty.