Best option to access cash from our free and clear commercial property.

[Steven Kotik]

My family owns a nice commercial property that is paid free and clear, and we have a long-term A+ tenant. We have a triple net lease that will most likely extend for the life of the lease. 5 year, 5 year extension, then two options to extend each an additional 5 year period. We are in the process of moving the deed to our LLC which we have setup.

With all that said, what are the best methods for us to access the equity in our building so that we can use it for other REI deals and why? I would think that we could pretty easily qualify through a commerical lender but what products are best. Right now we are just banking our cash in our LLC account and will probably move some of the money into a short term CD while we figure things out.

I though a commercial HELOC could be good, my brother thinks that taking out a loan and reusing the monthly rent income to pay it would allows to lessen our income tax and use the loan tax free.

What do the seasoned professionals here have to say about this? Thanks in advance for any advice on this matter.