short term down payment loan until my other property sells

[Matt Riley]

Question for you guys - I've found an investment property that I REALLY want, believe is a great deal, and will be very profitable long term.  Purchase price $480k.  So need $96K for 20% down payment.  I own another property (no mortgage) that I've listed for sale at $139k, so obviously that would cover the down payment, problem is it's not going to sell before I need to make an offer on this new property (which is now).  What is the best way to go about getting a short term $96k loan for the down payment on my new property, which I will be able to pay back as soon as my old property sells?  Thanks so much everybody! 

[Chris Mason]

Originally posted by @Todd Rasmussen:

@Matt Riley @Chris Mason

Could Matt cross collateralize? Or is the sale going to mess that up for a reason I'm not considering?

No reason that couldn't work in theory, but that would probably be slower than a HELOC + vanilla mortgage, or sell and then buy (assuming the other property is priced to move, not priced to go stagnant).