Cash-Out Refinancing -- Commercial Property

[Paul F Russo]

Hello All.

I own a 3-family residential house in Medford, MA that has a Commercial Unit attached. The Commercial unit is currently being rented out as a Convenience Store. The mortgage on the property is paid off and there is just a small HELOC. The building is fully rented and has amazing cash flow. The most recent appraisal is around $1.2mm. I am looking to do a $400k cash out re-fi, but am having trouble finding a lender due to the commercial aspect.

Does anyone know of any lenders or regional banks in the area that you have used in the past that you think may be a good idea?

Thanks in advance for your help!

Paul