Cash Out Advice

[Bud Leiser]

I'm still reading the other threads about refinance/cashout/eloc. 

That said I own a small retail building, we'll say it's worth ~500k right now at 75% occupancy. In case that matters. 

Tomorrow I'm going to make a list of all local banks and credit unions and ask to speak to the person in charge of commercial real estate loans and see what they have available in refinance/eloc/cashout products. I figure that's the only way to see whats out there and what I can get. 

My general questions are

• %
• Term
• Balloon or no Balloon
• Turnaround time (how long till the cash is in my account)

Advice I'm looking for: 

• Any other questions I should add to the above?
• Anything I should say to them or ask about? 
• Any other products I should ask about?
• Any other companies/lenders I should be looking for and talking to?
• Any national lenders I should contact that won't show up locally? Link to list maybe?
• Any other advice/warnings?