Home Equity Line on Rehabbed Home

[Brit Foshee]

Purchased a home in December for $54,000. Rehabbed and is currently worth $125,000.

I want to do an equity line to go on to my next project. Will banks heavily consider the $54,000 purchase price when doing the lending or will comps and current value play a stronger factor ? Hoping to get $80,000 which is well within the typical 75% window as long as they consider current value rather than previous purchase price.

Thanks in advance for responses!