Hello,
I think the chances of you getting an equity release on a commercial property, from a Bank, are very near zero.
Banks are not particularly hot on CRE proposals in general, at the moment. They are even less interested in providing equity releases on commercial properties, particularly to non residents (who might prove difficult to contact, when needed etc.), although they might look at allowing you use some of the equity in your property, to support a new transaction that the Bank is also to become involved in.
Are you in a position to disclose what the equity release is for?
Also, what's your definition of good covenants, with regards to your tenants?
Specialist Commercial Mortgage Brokers don't really exist, in Ireland. Its too small a market. Some General Mortgage Brokers will try and help, but few will have genuine experience, or relevant expertise.
Some of the non - Bank lenders might prove to be a better bet, although from what I hear, few are open to new business at the moment. While they can be more flexible than the traditional Bank lenders, they also tend to be 3% - 5% more expensive