Cash-out refi or heloc after purchase of $850000K multi family

[William D.]

Currently in contract. I'm putting 25% down on an $850K multi family. When all is said and done will I be able to take a heloc out on the property? Considering I will own at least 25% of the property. I want to make sure I'm not missing anything.

25% of $850K is $212K

75 % LTV of $212K is $159K

[Jason Allen]

Rocket mortgage allows me to pull a HELOC up to the full appraised value of mine.