Financing an office building through a CMBS or non-recourse loan?

[Ben Tiggelaar]

I'm seeking to acquire a 9% cap rate office building with solid, long-term tenants in a great location. I'm putting together the financing now. Where is the best place to find a Commercial Mortgage Backed Security (CMBS) Loan or any non-recourse loan in the size of ~$2M to $2.5M? All the local banks I've spoken to require a PG of some sort (limited or full recourse). I'm looking for non-PG financing options, with the loan only securitized by the asset. Willing to pay a higher rate & lower total debt.

I found Arbor, but their minimum loan for their CMBS product is $5M. Do you have any recommendations on the type of product I should be looking for?

[Jeff Stein]

I have found no products like that on the cheaper assets. Very interested to hear if there is financing like this out there.