Collateralized loans

[David VanSteenkiste]

Are any lenders in Denver/Boulder doing long term loans these days collateralized with liquid assets?

Scenario:

Refinance of a flip to hold. Owner has about 1/2 cash in and 1/2 on a short term int only bank loan. He needs to refi to get some cash out and lock in long term. Has excellent credit but only in new job 8 months, plus it is a sales job where a large % of the income is commission, but making good money. 

ARV: $315K

Cost basis: $250k

Rent (per Rento meter): $1800-$1950