Commercial cash-out refi possibilities?

[Alan Nelson]

Hi BP folks - With interest rates being low, it seems like a smart move to pursue a fixed rate cash-out refi on a commercial building that is in a suburb near Indianapolis. Would love feedback on whether I am in the ball park on the loan possibilities:

Details on the building:

-15,000 SF sing-use commercial building; current value $800K; well-maintained

-25 payments remaining on current loan ($160K payoff)

-Tenant is a profitable retail franchise; Landlord and Tenant have common ownership. Common owner FICO is 800+ and would like to not sign personally, but it's not a deal-breaker

"Avatar" loan would be 4ish% fixed, 15-20 years, 70% LTV, no rate reset.

Am I in the ballpark? Any recommendations other than "go to a small local/regional bank" (which is already part of the plan)?

Thanks in advance for your help :)