Looking to take cash out of a property - LOC?

[Cory St. Esprit]

Own a property bought for $45,000 cash. It's a commercial space with 2 apartments above it. Not rented yet as we just finished it up and waiting on final occupancy stuff. Building estimated value now at $150,000-$175,000. I'd love to pull out that equity or a portion of it as a LOC towards my next purchase. Not looking for short term hard money but looking for something more long term traditional LOC.