Lender Wants to Inspect Apartment Building That We've Owned for 12 Years and No Lates

[KeepItReel]

My question involves a mortgage in the state of: California Our lender wants to inspect our apartment building even though our payments are current and have NEVER been late. The servicing on the loan has changed to several different banks and this new one is requiring a questionnaire and full property inspection by a property inspection company. We've owned this 7 unit building since 2000?? It's in California and the mortgage is close to the value so we think it's some sort of way to find a reason to "call the note" due so they can get out of it?? Or the note is set to drop down by 2% lower in interest rate next year do to an adjustment so maybe they are trying to find a way to not make that happen?? Has anyone had a similar situation with lenders/banks wanting to inspect properties in California even though there's no "real" reason??

[Mr. Knowitall]

If your loan contract permits them to inspect and verify the value of the collateral in order to ensure that the loan is still adequately secured, then that's what you agreed when you borrowed the money. If the loan is not conditional, I don't know why they would be inspecting.