Need $50K equity out of free & clear property with $3,150 per month cash flow

[Shawn Long]

(For my client) Own a mixed-use property free and clear that is currently bringing in $3,150 per month and is 40-50% occupied in central Indiana. Client has bad credit. Is there a lender out there that can help him turn $50K from equity into cash so we can finish the project? 

Also can someone tell me if a buyer can get an FHA loan on a multi-use property? Shame on me for not remembering

[Chris Seveney]

Quote from @Shawn Long:

(For my client) Own a mixed-use property free and clear that is currently bringing in $3,150 per month and is 40-50% occupied in central Indiana. Client has bad credit. Is there a lender out there that can help him turn $50K from equity into cash so we can finish the project? 

Also can someone tell me if a buyer can get an FHA loan on a multi-use property? Shame on me for not remembering

50% occupied probably not gonna get fha financing. What is the $50k used for?