How to access equity in rehab project?

[Pike Pickett]

Hello, Thanks for having me. I have a question. I am just getting started investing. I purchased a home in April 2018. I paid $43,500 cash. I funded rehab with $25,000 cash. My 2 partners and I did all rehab labor. A local realtor now says the 4 bed, 2 bath house is worth approximately $150-160,000. There is no mortgage or lien on this property. As you can see we have a lot of equity in this home. I reached out to lender I previously used for my primary residence about accessing equity in this home so I can pursue another rehab project. He told me because I haven't owned it for 6 months he couldn't lend me the money(Fannie Mae rule???) Do you have any suggestions on what to do with this property? What are options for accessing its equity? It is listed for sale but as we all know that can take months. Thanks in advance for your recommendations.