Need Money For a FLIP using another house for collateral

[Taye N.]

So I found a property that I would like to buy and flip the price is 1m. I don't have the cash to buy it. My partner has a home that is paid off and want to use the equity to purchase this home to flip.

The house is worth 2m and he willing to put the house up to get the loan.

We need a loan for about 4 months only. However we need to move quickly because the house will hit the market by Monday. We would like to lock it up before this happens.

Question:

What kind of financial option do we have? 

A home equity line of credit to setup would take too long.

Both of our credit is 780+.

What option do we have that we can close quickly and use his home for Collateral.

Thanks!!