Does Canada have 30 year fixed rate mortgages?  

How much gross leasable area, how many offices, current vacancy rate, age of building, any proximity to hospital or surgical center, what type of loan product for first lien, variable rate/fixed rate, the terms etc ie SOFR + what spread etc, current NOI, cost per square foot, replacement cost per sq ft, and any and all details you can share, I assume HENRY Capital compensation will be similar to your Fund 1, with 8% preferred and 80/20 split? 

Pete that is currently rented out to long term tenants paying below market rental rates.

Would you leave it as a floating rate, hoping the rate goes down?

I have the highest success rate at getting my client's issue resolved over the phone whenever I call them.

I believe that this is due to (finally) rising interest rates deflating asset values, which is highly correlated to the exponential increases in income for top earners like CEOs, executives, money managers, RE investors, and Private Equity Groups.To me, the only logical stance is "rational optimism" (I heard this term from Morgan Housel).

This doesn't mean you're stuck to conventional/ FHA, although those will give you the best terms (lowest down and best rates). there are NonQM options you could look into as well. 

Hard money is sort of a last resort, that's typically meant to be a short-term solution and will carry a higher rate and/or fees compared to most other options. 

I'm a good 20 years from retirement, but I'm using this strategy right now, and then if rates come down at some point and I can do a cash out and maintain cashflow I'll consider it.

@Sean Haleydoes it have a mortgage on it?