I am currently trying to buy another single family but I would like longer-term and was told by my  financial institution that it was not possible if purchase with my LLC.

I have investments in Massachusetts and North Carolina. 

Has anyone ever used institutional financing to fund the purchase of a large apartment deal ($30mil +)? 

., maximum allowable LOC) is another question entirely.If you're going with a more traditional bank / institutional loan that likely resells the loan on the secondary market, you'll have a much harder time doing anything creative or "outside the box".

This is my first post so if it is a bit naive I'm receptive to feedback on improving it :)My partner  and I came across this interesting property in a great location in Natick, Massachusetts.

Both pay their rent on time and the house is in Massachusetts so evicting either could be a potential nightmare dragged out for god knows how long.

@Jason Hartman, I've never heard of such a regulation but if it does exist (I assume it does if multiple financial institutions told you it does), would they be okay with you buying a property with another loan, cash, HML or private investor funds and then use the HELOC for the repairs?

Purchase price: $141,500 Cash invested: $29,000 Single family home in West Side of Worcester, MA; conveniently located one block from Worcester State University and less than 2 miles from Worcester Regional Airport.

@Ross Burch I'd suggest keep calling lending institutions until you find one that will work with you. 

This way if it gets to court, you can argue that after much consideration, you decided to institute an apartment complex wide pet fee on all new tenants.