Seems like prudent advice JIT.....and something that I tried to negotiate with the Bank more than 4 years ago now.
Unfortunately, Bank policy isn't so logical and does not allow you that sense of matching. Indeed, they have established specific criteria to protect themselves in this situation and let the investor swing in the wind.
The two specific criteria they told me was, they would lend me money based on the terms of the Lease that met the following ;
(a) 75% of the term of the Lease
(b) 1 year less than the term of the Lease
Whichever is less.
So if you rock up with a firm 10 year Lease, they'll use (a) and calculate 7.5 years, and use (b) to calculate 9 years. They therefore take option (a).
What does leave you with. You either so OK, in which everything is smooth sailing for 7 and a bit years before they dump you like a hot potato and the other lenders look at you with less than 3 years to go, apply the same fuzzy logic and might extend 2 years finance. Or, you say no thanks, and don't buy the place, knowing full well that the next deal you present (after another 100 of hours of DD) to them they'll say the same thing.
As was mentioned previously, they hold the gold - they make the rules.
I distinctly bringing this very point up with the Banker at the time. I tried to bend the rules a tad such that the finance decision on a 4 year Lease deal ran out 1 month prior to the Lease. They refused. The Tenant was obligated to tell me their decision whether they wished to re-new the Lease between 3 & 6 months prior to the end of the Lease. They would only extend finance until 9 months prior to the Lease ending. I asked them "what about the 6 month gap between when they are forced to tell me their decision and when you want your money back". The answer was....."Don't worry about that, it's a long way down the track and anything can happen between now and then."
Well, guess what, we are a long way down the track, nothing extraordinary has happened, and I find myself still stuck with this 6 month finance limbo window where the Bank is asking "we need to know whether the Tenant is going to extend or not, before we can approve a finance extension" and the Tenant sitting there saying..."Not sure as yet, we aren't obligated to tell you until 3 months to go, so we'll let you know then."
If it was a simply as that to which you allude JIT, life would be simple indeed. Unfortunately, risk experts in the name of their shareholders, have been down this path well before you take your first step.