I suppose that's what I mean when I say I want access to the capital now, because I can invest in a way that produces now with cash flow and appreciation and even more later by using leverage, 1031 exchanges, depreciation, etc. 

Surely the loan can be moved to another product that will accept this condition. 

Both of these will produce some results for you. 

Your friend has shared a link to a Home Depot product they think you would be interested in seeing.https://www.homedepot.com/p/Commercial-Electric-Rectangle-11-Watt-Equivalent-Integrated-LED-White-Emergency-Light-with-Ni-Cad-6-0-Volt-Battery-EMLEDRECT120277/306606874

I was humbled by the level of production and investment experience of my fellow group members.

Less chance of ruining it than almost any other product - like carpet, wood floors, Etc....

Properties that qualify for 1031 exchanges are properties you purchase with the intent of holding for productive use. 

We then refinanced the property and it has given us $140k in cash back and continually produces $1,800/month in cash flow.

@David Kilgore@Ari Newman is absolutely correct in his explanation of the 65% ARV loan product.

Recently (last few years) time has not been an enemy as RE pricing has been appreciating higher than the cost to hold, producing net gains for holding longer.