What are your buyers doing for debt if you're assuming a 7 cap?

It always feels good to have no debt, that's for sure.

The tradeoff is the 12 month seasoning requirement on C/O refis, you can only close in a personal name, and you must be able to qualify using your personal income and debt. 

  $1 of debt in year one, will only be worth say $.10 in year 20; someone can do the actual amort table. 

If the answer is yes, then it's a no brainer to make minimum payments on your 2.8% interest rate mortgage, and use the funds that you would have paid extra to pay it down faster, to either invest in more real estate, the market, or anywhere else where you can get a ROI > 2.8%.If the answer is no, then feel free to aggressively pay it down as fast as possible, to become debt-free faster, and just have a large amount of money in savings or to splurge with.The bottom line is that your 2.8% mortgage is GOOD debt.

My client had some things come up that prevented her from executing, but these were some of the options I had put together for her, a regional bank, a regional CU, and a national bank.Reminder that NOI sizes CRE debt, and that's often what determines the down payment requirement, not anything to do with the client or particular lender, just the property itself.

Well, what would be happening is that your buyer would be buying your house subject to the existing note, since you can't legally sell the property without paying off that note or transferring the debt to the new buyer.

Tracking changes in the debt markets.

A commercial lender looks at debt coverage of 1.2 to 1.25.

Refinance is one way to do it, if you want to avoid getting new debt because cash flow is high look into lease options to buy or executory contracts.