HELOC on multiple properties?

[Stan Hill]

Greetings all:

We own 3 rental properties in the Dallas area, paid for free and clear. They are held in an LLC. Total value of all three is about $150,000. I want to tap the equity in these properties to build a rental house on a vacant lot and/or do some low end property flips.

Does anyone have any advice, or know if it is even possible, to borrow against equity in three separate properties? Income/debt ratio-wise, we should qualify for the maximum 80% LTV and can personally guarantee the loan with credit scores in the mid-700s.

Should I expect to pay a higher rate than the mid-3s I am seeing for a single property HELOC?

Any advice on lenders and what kind of rate to expect would also be appreciated. 

Thanks,

Stan