Can/should I use commercial lending?

[Randy Middleton]

I need some seasoned investors' $0.02 on this.... I currently have a few single family rentals and looking for more. Instead of taking out individual mortgages on each new property, is there a lending product (similar to a line of credit) where I can draw capital for purchase and rehab? The loan would obviously be collateralized by the property, however the difference being all the properties will be lumped together as collateral on the entire single loan. This would allow greater leverage against the sum of the equity in each property and I wouldn't be limited to 11 loans or whatever the FNMA limit is now. So my next purchase would increase the loan amount by the purchase price + rehab, property added to pool of collateral, monthly payment increases accordingly. I understand there will be need for a title policy, and similar things as conventional products. What do y'all think? Am I missing something? Does this product exist? If so I presume I'm in the commercial arena? Apologies if this is too convoluted.