How to get Portfolio loans or Line of Credit

[Mak K.]

Hi,

So I have 3 properties under 3 different LLC. I would like to get a loan or line of credit on the portfolio. The way I want is to get a Line of credit such that it is authorized, and I only pay interest when I withdraw from it. What is this type of loan called and who does it? I called Chase and other banks and they said we can give you 80% of the equity but you pay interest from day 1 if you use it or not?

I want something like an overdraft where I can use the loan cash for buying other properties. I am ok with little high interest rates. What is the exact term and what type of lender does such loans?