Should I refinance for a commercial property since interest rates are lower?

Since interest rates are lower now it seems that a cash out refinance is a good idea for a commercial building near Indianapolis. The property is well maintained and the current value is $900k. There are 25 payments left on the current loan at $250k if paid off. Tenant is a profitable retail store which makes the investment even more enticing. Do I pull the trigger on the deal? by adamk75 from Indianapolis, Indiana. Dec 13th 2021 Reply