What are your other options for liquidity ?  

Alternatively, you might be able to make the LLC your "property manager", but that too has potential legal implications as in many states to manage property it doesn't own an LLC might need to be a real estate brokerage to legally do the property management.

@Jacob StraussenTerm is essentially a commodity biggest difference you will see is if you want to have options to convert to perm that's when you would want to do more research and really get carrier specific.  

There are so many free and paid options available, so I would take some time to do some research and pick the one that fits your business best.

Thanks Dave, if any of those were an option Id have done itThis was a miscalculation on my part though which has left me in a last minute crunch.

You will then have a few options with that rent money....you can put it into principal or you can start saving it to purchase yet another property. 

Please input into your spreadsheets and send me your rates.Interest only options as well if possible.

In light of these circumstances, I'm seeking advice on the best financing options to address this costly project if insurance coverage falls short.

Once you know what is required, then you can discuss options with tenant as some may prefer a rent credit if they can stay with family or friends while others actually need a place to stay.

I find them annoying and as odd as it may sound, I don't want to give people options.