Which loan is best?

[Gregory Wesley]

I'm currently finishing up a rehab and my partners and I want to keep the home. We own the home free and clear. Our hope is we can rent the home and tap into the equity to use on another project. The home value is ~$250K(I'm a broker and I pulled comps). The home is owned by the LLC and there are 3 partners. One partner is employed and has over an 800 credit score. The other 2 partners are self employed and have scores in the mid 600 range. What do you guys think is the best way to tap into the equity? DSCR, Cashout, HELOC, Conv Mortgage, Hard Money. I've looked at all of these.

[Melvin List]

I would use the partner with the 800 credit score on a DSCR loan and keep the other partners just on title.