Greedy bankers?

[Auria Styles]

Hi,

We have a triple net leased property valued at $1.8M that we built for $1.2 M. The NNN has another 8-10 years on it and we have $300k in cash in the property. We put two other properties up as additional collateral to get the original loan on the property. We are renegotiating our loan in March and I wanted to know if should ask to have the liens on the additional properties released at this point. It seems like the bank has asked for way too much security for the investment. Can anyone tell me if my gut feeling is on track? Are there any strategies we can use when we renegotiate?

We want to release one of the properties because we're thinking of selling it in a 1031 exchange?

Thank you.

Auria