If you willing to put $30k down plus some type of collateral, I can imagine you can get the rest for double digits % loan.

For example, would the REFI dip into my equity by $5000 (or whatever) so my new loan would be $30k with the property as collateral?

Maybe offer the hard money lender something (like your primary residence) as collateral.

Even though the borrower's credit is considered but it is not the most important factor; typically, the loan qualification is based mostly on the collateral value.FREE CREDIT REPAIR SERVICE FOR HARD MONEY CLIENTS"Your Vision Is Our Mission"Americap Financial Group Contact: Mr.Totton Toll Free: 877-998-7539 Direct : 312-283-5454

If you had the desire to be a landlord, and if you could qualify for the loan, I would use the property as collateral for a loan, withdraw approximately $100K, and reinvest it into more real estate.If you have no desire to be a landlord, and if you have a great desire to marginally increase  your spending on material things and more expensive family vacations, then you should sell, pay off your debt, and pursue the spending side of things.If you have no desire to be a landlord, don't care to marginally increase your monthly spending, and want to invest in something other than RE, I would sell, kept the debt, and invest the $131K outside of the Real Estate market. 

Who is the insured on the property/collateral, who's name is picked up on the tax rolls by the collector, is it our borrower or something else?

I am planing to lend to a borrower (Investment purpose, non owner occupied Loan secured by 2 SFR in CA and TX)How can i cross collateralize properties in 2 different states.Who can prepare the loan docs for these?

Even the guys that do collateral lending get spooked by foreclosures, especially funding a redemption period retake knowing they could be next if you dont pay them...get the numbers attractive enough you might find some private lenders to pull the trigger, but I'd even cringe at that one and I'm a risk taker. 

Ask the flipper/investor to put up collateral. 

He said your credit score needs to be at least 730+ and even if you just recently set up your LLC, you can borrow up to 50K and no collateral is required.