This site is an instrumental learning tool for all investing types in the real estate investment space.

On the top of the instrument you will find a MERS Mortgage Identification Number (MIN).

@Timothy Church and @Brittney Stewart , both investor real estate agents and have been instrumental in my real estate knowledge gathering about Galveston.  

Hi @Alex Song, welcome to the forums.....Whether you're doing a cash-out refinance, or getting a HELOC, those instruments are dependent on the present equity you have in your property.

Is there an instrument that we could use where the property is not used as collateral but we're still obligated to repay the funds in a specific amount of time with interest?

We checked on perfection of the instrument but failed to read the legal description for the three liens (master parcel and two lots) and cross reference the survey in detail to ensure correct property.

Conventional loans are pretty rare under 100k especially since there are other debt instruments that are easier to acquire in the price point if 40k.

Decision making with only your own thoughts might not be as effective as researching what has been done.If he/she has been working on this, but you have no timelines, come up with one.Maybe forge a closer working relationship (with this instrumental team member) maybe have dinner to lunch together (maybe on a regular basis) and both talk about your issues.Sometimes people are introverted (but talented) and some extra effort has to be made to break the ice.just my 2 cents.

Our clients primarily use Interactive Brokers for the competitive rates and not having to allocate anything to any security or financial instrument.  

Even if you aren't ready at the moment with a property or funds.....they should be willing to answer questions and describe their various loans and available instruments.