In the end that fixes your situation whether the bank is in the wrong or not. 

Does anyone have any experience in situations like this?

It seems like a decent prospect for appreciation and cashflow since it's situated between JHU and Penn Station and is the site of a fairly substantial development project (Telesis), but I understand the strength of the deal will be determined by what price and condition I acquire the property at. 

I dabble in real estate and would never advise ANYONE to use him and would certainly tell people who asked about the situation we were put in.

In this situation you keep the difference from what you bought the property for and what you then sell it for.   

Hello BP family,I ran into a situation that may be a deal, but I'm not sure.

I wanted some advice from people who have been in this situation before.

-Speaking in glittering generalities about what syndication/Investors/ potential investors may or may not do is a great thought experiment and can certainly come up with situations in which not changing the law could be helpful.

In fact the only situation where I would pay more than about 3% is if they have no equity and my payment has to match theirs.

I think for the portfolio loan in my situation it came down to having a relationship with the local bank.