When talking to them be quick, if someone motivated they will talk longer, don’t spent more than 2 mins on each call, less is more.Hunt not for multi family properties but for all properties.... and in the midst of hunting for all discover multi family properties.If interested in learning how join my free multi family commercial REI Facebook group and discover all the secrets and tactics from me and 330 other multi family investors who are in my group.

Are there other options out there from larger institutions?

That's what I have discovered and now I'm here to learn as much as I can while meeting many great like minded people.

If my speculation is off, and this lender was already at the true HML rate/fee/terms range, then I'd suggest finding another... people and institutions wanting to loan money out with double digit rates, and crazy points and all that, are a dime a dozen. 

He will have to calculate what his costs are and the value of his time if an offer is at asking but with contingencies and falls through.If it's really too high then he will discover this on his own when all offers are below his ask. 

If a loan amount is above $1MM then you can get institutional money but they are somewhat picky regarding inexperienced MF owners.

The proper time to cut, would have been before you bought once discovered he wasn’t lendable.

There were issues discovered with the home inspection and they are  not willing to negotiate anything. 

We believe in each and every project because of our expertise and years of institutional experience in the commercial real estate industry.

You should also draft a strong letter demanding documentation of the move-out, which should include the date they discovered the tenant had skipped.