Can I get a line of credit on my 50% of property?

[Travis Frenchak]

Can I obtain a line of credit on my half of a property? The property breaks down like this:

We still owe about $55k

NOI $15k

Approx value @ 9% CAP $165k

Approx. $110k in equity copmbined or $55k each

That NOI is subtracting the mortgage payments. With mortgage payments added back in it would but us around $23k NOI which would increase the value. Would they add that back in to do the evaluation? I know we would if we were to sell it we would but I'm not sure how the bank would do it. This is probably a simple answer as I know nothing about line of credits or equity loans.

Thanks!