I am a mechanical engineer by trade but currently hold a project manager position for small to medium capital projects.

Hello all,I currently work in an escalated position alongside New Jersey and the Clean Energy industry. 

We are not in a position to qualify for a conventional loan of this size, but have a solid exit strategy here. 

My question, in its purist form, what am I missing from these two scenarios:Scenario 1Sell current home - Buy new homeSell current home realistically for 335k with 10-15k in closing costs = 320k320k-55k mortgage-48k home equity line = 217,000 at closing.Put 100k (25%) down on new home.

Curious to hear about experiences with this loan product, positive or negative.

If you come across any good deals and are interested in an equity partner, please keep me in mind. 

Almost nothing beats having a cushion of equity to soften any recession or compensate for costs/capex.  

If you have other assets with equity you can use HELOC for the initial purchase/rehab funds and traditional financing for the final refinance phase.Note, talk to your banker to find out their criteria for cash out refi...  

What is my position here?

Not worth the risk in my opinion.If you're not in the position to lose that money down and be stuck paying a mortgage and carrying costs, don't do it.