any creative financing idea for a loan on primary residence

[Jhansi B.]

I have a friend who owns a 2+ million dollar home and retired. He has a small loan on the property. He would like to get 60% of the property value as a loan. He has around 84,000/year income. Medical insurance is paid for him by his previous employer.

Any ideas on how he can get this loan? He would like to take the money out for rainy day when he needs it to use it when the interest rates are low.