RE:Against my Better Judgement…..There is nothing wrong with taking a profit.
I've been with Royal Bank for years. They offer a secured line of credit that requires a full financng. They also offer an unsecured line of credit that costs nothing to set up. The unsecured does charge a higher interest rate. Based on your equity I'm surprised with your asset amounts they didn't offer you an unsecured line unless perhaps they don't have that option.
Neither lines of credit charge interest or any fees unless they're drawn on.