Can I Get Financing by Getting a Loan That Pays Off a Second-Position Loan?

[Adam Davis]

I have a cash-flowing property with roughly 50% equity, and a 100k HELOC in 2nd position. Can I get a new loan that encompasses the remaining balance, equity, and the HELOC, and gives me the remainder in liquid cash?

Use case: home is worth $580k-630k, with $295k balance on loan, and $100k owed on HELOC ($395k total debt). I would like to finance $600k-$700k total, to pay off all of the above, plus finance a BRRRR/HH purchase for less than $300k. Is this possible?