Cashout Refi/ Chicago/NWI Someone Help with info

[Chase London]

 I own my home free and clear over in NWI. Ive only owned it 9months and have been living in it while updating and repairing things. I would like to CashOut and refinance or get an equity loan so that I can purchase a 2 Flat from a friend thats about 5min drive from current home. Ive called 2 banks but both suggest I wait til credit score is mid 600s. I dont want to miss the chance at buying the 2flat. Can someone point me in the direction of a lender that wont require me to wait til score is higher.

Im afraid of hard money with me being a new investor.