Pull Cash out on Purchase????

[Joe Casanova]

Is it possible to pull cash out on a purchase?

Heres the Deal: Purchase Price = 45k
Estimate Value = 70-80k

Three Family 1st and 2nd floor rented out for 450 each. 3rd floor is vacant.

My bank just quoted me 6% on a 30 yr fixed with 20% down on 60k

I am getting financing on the property, is it possible to pull out 15k and have the loan for 60k - 20% down?

Thanks
Joe