Can you help with this loan?

[Derek Gendig]

Looking for some advice and ultimately, a lender to fund.

Situation:

My business partner and I have multiple LLC's together. We currently own a commercial building that used to be a Huntington bank that we have converted into a real estate brokerage & residential property management office. We've made several improvements to the property to include signage, adding a 5th private office & a conference room, new paint and flooring throughout and other small repairs. We've owned the building for approximately 2+ years.

To explain the workings of the situation, I will refer to the companies as A & B.

Company A has private mortgage with private lender  that we purchased & rehabbed the property with.  Company A leases the property to company B.  

Company B operates out of the office daily and has all signage out front.  Company B pays all utilities, rent @$2200 per month & is responsible for all maintenance.

My business partner and I now would like to sell the building from company A to company B.  Company has a private mortgage for approximately $150k.  We believe the value to be $185-225k.

If at all possible, we would prefer to do a no PG loan and keep all responsibility with the company.  If push were to come to shove, we would be willing to personally guarantee.  

The building is located in Indianapolis, IN.

Does anyone know of a loan product that will help us to achieve our goals or offer any advice?