Looking for commercial non-recourse refi for medical building

[Rainier Guiang]

Hello, I'm in the market to do a commercial refi on a medical building in California we bought for $2 million which at the time was only half occupied.  It is now fully occupied all with leases of five years or more, one being my own practice and three other medical practices.  We currently occupy about 65% of the space but just signed a lease to another doctor so our portion (owner occupied) is down to about 40%.  However, the other doctor hasnt moved in yet and his lease will execute in November so technically, we still occupy more than 51%.  

Anyways, are there any banks willing to do a competitive rate non-recourse loan?  I estimate the property to be worth about $3.4 million now.

Thanks for any input!

[Richard Copeland]

Rainier: I own a debt and equity firm that arranges financing across the country.  There are non-recourse loans available to you.  Send me a colleague request to discuss.