Cash out Refinance of Commercial Property?

[Ryan Rogers]

Has anyone had any experience with this?  I'm trying to find a bank in the Boston Massachusetts area but I'm having a hard time.  I've called about 10 so far and will continue to but no one is willing to do it even with 40% equity.  I wanted to pull equity for future projects. 

 I defer to the BP Community to help me and share your experience.

Thanks!  Have a great day all!

[Jassem A.]

if an appraisal will support it and the property is producing income then I'm not sure why you couldn't cash it out for up to 80% LTV