The upside is that there is no lien on the property.If you have the ability to do a refinance after a seasoning period, and the house is worth more than you paid for it, consider doing that and pulling out all your capital.If you use a smaller credit union, some will bundle multiple small properties into one blanket loan. 

He'll probably need some local banks or credit unions on this one or be able to BRRRR it using his own cash or private money.

I did end up getting a commercial LOC from Kemba financial credit union but it was a lot of work to get it.

Often a credit union.

Working with a local credit union.

Check the credit unions.

Each lender has slightly different criteria for their refi products as they pertain to cash-out vs rate and term, title seasoning, reserves etc.I recommend talking to a local bank, a regional bank, a credit union, and a mortgage broker who has a variety of products.  

Don't get me wrong- guns left what is one of the most anti-gun states in the union.  

My credit union does home equity loan but there is a $300 up front fee . 

I would like to ask my Credit Union for a list.