No Appraisal HELOC options: PenFed allows up to 250k, others?

[Gonzalo Escobar]

I have a good sized portfolio of a 6, 3 and 4 unit and then 8 condos. Right now I havea  commercial loan on the 6, Fannie on the 3,4 units and 3 of the condos and then I recently did a commercial loan @50ltv cross collateralizing the other 5 condos. 

Unbeknownst to me when I did the blanket 5 condo loan it put me over the 5 financed property limit ( I had thought commercial financing didn't count), which has made conventional financing on anything other than my primary next to impossible.

I was looking into doing a HELOC on my 4-unit primary and found a group PEN FED that will do a no cost, interest only HELOC @80 ltv with no appraisal as long as the loan amount isn't above 250k.

They actually do HELOCs on investment property, including condos, but only if you own no more than 3 properties including your primary. Unfortunately this disqualifies me. 

Does anyone know of any others that have a similar no appraisal program, but don't have a cap on properties owned?