Real Estate Situation - Advice

[Logan Byrd]

Hey All, 

Have a good deal on the table in my neighborhood, but was declined for a conventional loan bc of tightening restrictions on income. My family and I would like to buy the house together, and together we have ~200k (cash/HELOC) of the 320k purchase price. Any advice on the best way to raise the rest of the money for the purchase?

My ideas thus far are try to raise the money from friends/family for a short term loan until the REFI can pay it back. Or, try something like LendingOne.com for a different type of loan. 

We also own another property outright. Value is ~260k. Thinking about doing a cash out REFI on this one to either raise the money or pay back the short term loan. 

Thanks in advance.