Post-closing rehab loan for personal property

[Matt Jones]

Recently closed on a townhome and my property could use a facelift.  Unfortunately, I do not have enough cash to afford the rehab.  What are my options with getting a loan (~$50K) to improve my property and then, hopefully, doing a cash out refinance to repay the rehab loan with my current mortgage?  To acquire the property, the purchase price was $775K and I put 20% down with a conventional fixed rate loan (30yr, 4.25%).  This is my primary residence.  Would a refinance even make sense given the current market conditions and rate hikes?

Thank you in advance for the advice!