Help Grab the middle of a rope?

[BlueTel]

I'm working on a Vive VR project that will have a loop at the top with a rope threaded through it and each side dangling down.  The user will be able to grab any point along the rope with the motion controllers and pull.  With standard joint ropes, this tends to cause all sorts of physics problems, especially if the user pulls too far too quickly or twists the joints around.

I saw the videos of Obi Rope, and it looks like you can easily move the ends of the rope around without a problem, but would something like this be possible - allowing the rope to be grabbed at different points along its length with virtual hands and pulled around?  And if so, could you maybe point me in the right direction of how to go about it?

Thanks!