cashing out equity in Wisconsin

[Lee V]

I have two lower end properties in Milwaukee that I own free and clear. One is valued at $75,000 and the other one valued at $45000. How can I go about take out equity? Are there any collateral lenders? or cash out Hard money lenders willing to do this?

[Jack Medford]

I've used US Bank as well as Wisconsin River Bank, lowest property value I got a loan for was $65k. US Bank had the better terms at 5.5% interest amortized over 25 years on a 5 year term. WRB had the same, except amortized over 20 years. 

I'm pretty sure both banks would be willing to provide a combination loan that includes both properties, which should help if they have issue providing a loan on the $45k property.