So where you'd save a small amount on UW fees and perhaps cross collateralized title fees by doing a blanket loan, you will lose all that savings and more IF you ever decided to refi/sell one without the other... just a heads up.The other issue here is you say your assets are tied up... meaning you have no liquidity? 

@Trevor WilcoxIn order to get a line of credit the lender will need to secure / collateralize it against existing asset(s).

Gave a higher LTV because we could cross collateralize against other propertiesEach deal is looked at differently when you are a smaller company and can work with a borrower as long as it works for both sides.

effectively, you'd either need to look for a lender that would let you use the other property as collateral (cross) so that you can avoid actually taking the cash-out (this is rare in terms of institutional DSCR lenders, but fairly common in the hard money or private money space)...

Most of these that I have seen recently have been commercial lines of credit collateralized by the property. 

We have a contract but no collateral.

Depending on the equity you have in the properties you own, it may be possible to cross collateralize them for the down payment. 

The mortgage is secured—or collateralized—by the house, the buyer’s name goes on the title and the mortgage is recorded with the local government.2.

Still, expecting a full 100% rehab payment upfront is less likely without significant collateral or a great track record.If you need help finding hard money lenders or structuring the financing, I’d be happy to assist!

We cross collateralize with the same bank and don’t chase rates.