But on the refi in a downturn point I want to make clear I believe in short term fixed interest rate periods, but not short term loans. 95% of my loans are 30 year loans and I won't take a balloon less than 10.

We currently have two free and clear rental properties and an additional one that has a small mortgage. 

Would this even be legal if I wished to entertain this offer, and would the majority of you just steer clear, even if they meet all other requirements?

Still not completely clear on UBIT and UDFI but I’m working on it.

The current owner owns the property free and clear and has owned it since 1952. 

Thank you, you've cleared up my misunderstanding of equity.

The neighbors do say he is still cognitive intact but he is clearly not healthy and not taking care of himself.

And they did not even approve the full draw even though all items had clearly been completed...It doesn't matter how good the Lenders' rates are...If the Fund Control Company is not good,You will have your projects delayed.When applying for loans,Do you ask your lenders who their Fund Control Companies are ?

One thing that became very clear as I progressed was the way I had been storing information weren't robust enough.

As giving them too many thing might create more work and more conditions to clear.