Options on how pull Equity out of Commercial Office Investments!

[Greg Heden]

I have several commercial office buildings(6) that I refinanced in 2018 with a portfolio loan. This loan is about (5) years into a (10) year pre payment penalty of 10%, carries a current rate of 4.76%, adjusts next April (5 year treasury + 2.76%, then static for the next 5 years).  I would like to tap the over 50% equity position without a  refi.   I have significant positive cash flow, have owned the majority of properties for over 10 years, and have excellent credit.  What options would you suggest? What type of terms/rates could I anticipate?  I do not need the cash, just looking to put it to work.  Thx in advance.