ASSET BASED LENDINGNote: Hard money is defined as average loan size under $2M, average loan hold duration under 2 years, and not a bank. 

The property is zoned as a SFR house and likely in a neighborhood of the same.Was the property not appraised by the bank when you got your mortgage?

Would a bank even allow us to mortgage multiple buildings on a single lot without it being subdivided?

@Mike Grudzien I bank with Navy Fed and they have an option but only $100k max loan.

He is looking at a group of investors like myself to bring 25% of the project value and then procure a bank loan for the remaining 75%.

Do you think this issue is specific to banking services or what do you think is the root cause?

When I tried to get it when my side of the family found out and tried ti take over reverser mortgage payments to bank because she had died it was to late so they sold the house to Hud and then other reverse mortgage companies but a relative still lives there so they can't kick them out.

We refer folks to bank-type lenders regularly throughout the year when that make more sense for our clients. 

Quote from @Mary Jay: Quote from @Jay Hurst: Quote from @Mary Jay: hi guys,so I have a lot of equity in one of my rentals but the interest rates are super low on it. so I dont want to do a cash out refinance on it because I dont want to lose the 3% interest rate on it.I want to get some cash out of it via Heloc or another vehicle,  so I could buy another rental, but its not my primary, so I cant get a HELOC on it from lots of banks....I think PenFed does helocs on rentals, but because I have more than 5 rentals, I dont qualify for their HELOC loan.IS there a bank that would give a HELOC/cash on a rental?

I am surprised you found a bank willing to do this.