how to get loan on right amount?

[Eli Ling]

I own a commercial retail property and am looking to refinance it. The rental income is approximately $4,000 per month, but every bank I’ve spoken to only allows me to borrow up to $300,000 against the property. This is despite the fact that the property is valued at over $1 million. It seems most commercial lenders base loan amounts on rental income rather than the property’s value. Are there any alternatives to borrow against the full property value?