You make a good case to seek out other lenders. However, please consider the following:

On time with a partnership apartment property, my partner was a younger hot shot realtor/broker, with extensive knowledge. He put to pen his entire holdings--LLC, a family trust and everything else. We had an assault in the lower parking area and our female tenant sued us. Instead of our insurance carrier protecting us and fighting the case in court, the made a settlement to save on litigation.

Here's where the meat comes in this story. Since he listed on his most recent loan document his entire "Holdings", the settlement wasn't at the lower end of the scale, but mid center.

My partner loans docs put his entire holdings close to 10 million. My last 15 years loan docs were listed with lenders not protected by the FDIC, so I needn't put my "Total assets", but only the amount that qualified me for that loan. Around only 2M. So when the settlement was paid out, my lawyer told my partner that I was only responsible for 20% of the downfall. Cancellations, higher loan costs. And my partner with the loose lips putting out there 10M in assets--had to cover 80% of the bad news costs.

Appraisal fees and closing cost fees are a non starter for me. That is lost capital.

Just have an honest conversation with your existing guy and ask him what his limits are on lending. Generally they Want to see a certain net worth at different levels of lending.