Oregon Rates for mixed use property? Swap or loan? 3.75% 10/15

[Chris Blackburn]

We are at the end of a 10 year swap on a original $4.2 mil loan.  New about is $3.3 mil.  We are looking at a swap with a major bank.   The cost is about $50K.  (25K for the swap, $10K for the appraisal/condition inspection $10K for the   (They felt there was about $900,000 in maintenance that would need to be done over 10 years)  Roof's, elevators, blacktop etc.   Appraisal came to $7.5 million.   Swap rate on a 10/15 came to 3.83%.  But they felt we needed reserves and want to put a credit line on another apartment building for $820,000 and restrict $500,000 repairs and allow $320,000 for the actual credit line.  

Is this in line?   Product is cash flowing great.  

Let me know