I am exploring my options for borrowing against a property that I am the legal title holder to. The buyers have been paying on time and have not missed a payment since the purchase closed on 7-26-21. They have actually paid down extra principal every month. They pay me $2,969.80 on the first of every month. The sale price was $500,000. The amount financed by me was $450,000. The agreed upon interest rate is 5% amortized over 40 years, but in reality the buyer is reducing that to 30 years by paying 2969.80/month. The balloon is due 7-26-26.  There is no pre payment penalty. The current balance as of 8-1-2024 was $406,301.27. The property value is at least $600,000.

I am looking to the community for advice and/or connections to someone that might offer me reasonable terms. I'd like to free up some cash so that I'm ready to close on the next great real estate deal that I track down.