Refinance on a small building

[Khanh Tran]

Hi,

I bought a small building (1200 sqft) for cash one year ago. I have leased this building to a commercial tenant, and i would like to refinance or HELOC for this building. This building is worth around 150K. I would like to know what are my best options:

1) Since this building is used for investment, so can i still do HELOC on this building?

2) Can i apply a residential loan for this building since it is small likes a home? Or do i have to apply a commercial loan since this building is zoning to commercial and used as commercial?

Thanks,