Looking for HELOC for rental in North Carolina

[Tomer Maoz]

Hello, 

I want to use my equity in one of my SFRs to purchase a short-term rental (I currently have 8 LTR) . I have been searching for a bank that will do HELOC on a rental, and so far, the only one I have found that could work is Better.com. All the other banks I spoke to, like TD Bank, HSBC, and Signature FCU, have limitations, such as you can't have more than 4 mortgages in your name, or they can only use 3 properties to offset DTI.

Better.com offers a rate of 9.5-11% (depending on loan amount, credit score, etc.), and it also requires the property to be in my name (not in an LLC).

Does anyone have good luck finding a bank that will do HELOC on rentals in NC that does not require the property to be in the owner's name and is not limited by how many mortgages you already have on other rentals?

I appreciate any input in advance.