Here are my thoughts about your decision to refinance.Process:Understand your current loan terms.Check your credit score.Compare offers from different lenders.Get your property appraised.Submit your application and go through closing.Considerations:Current interest rates vs. your existing rate.Amount of equity built in one year.Closing costs and fees.Your long-term financial goals.It's a complex decision, so consulting a financial advisor or mortgage specialist might be helpful.

No pressure here but wanted to be able to offer a hand since I'm local to Lane County.

It MAY be fraudulent to offer to purchase a property you can’t afford to buy, but that’s a hard one to prove.  

One of the biggest benefits we can offer over a hotel or large apt buildings. 

January rolled around and we suddenly had multiple offers.

Most agency lenders, Fannie/Freddie have been asking for 65%, knowing that there was problems on the horizon.You need to ask yourself where do you feel comfortable with debt levelsGino

How many banks do you work with, the commercial terms they offered you are really crappy..

Then, obtain quotes from at least three actual contractors. ( insurance and all that depending on the work)You'll likely encounter three types of contractors:The Super Expensive Guy: Highly skilled but often in high demand, resulting in premium pricing.The Average Guy: Offers good quality work at a reasonable price.

But he chose that one over the others because it was very user friendly (for our older managers) and it offered a 'Groups' function where we could add certain individuals to different projects.

I've seen a lot of this lately where GPs are offering outside investors pref equity to effectively "save" the project from foreclosure.