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Blanket Mortgage

A blanket mortgage consolidates multiple properties under a single loan. This means that several pieces of real estate can be covered by one mortgage, providing convenience and potential cost savings for property owners. While the properties are held together as collateral, individual pieces can be sold without requiring the entire mortgage to be paid off. This type of mortgage is popular among developers, real estate investors, and those involved in property flipping. One advantage of a blanket mortgage is the ability for borrowers to maintain more liquidity, as it reduces the expenses associated with applying for and closing multiple loans. However, it's important to note that blanket mortgages typically come with higher average costs compared to traditional mortgages, which can be a potential drawback.

MAXIMUM 25 PROPERTIES

MAXIMUM LOAN $3M

PARTIAL RELEASE CLAUSES

Suburban Homes

PROGRAM FEATURES

  • Single mortgage for up to 25 properties

  • Partial release clauses- Individual pieces of real estate may be sold without full payoff being required

  • Experienced investors only

  • 1-4 residential units allowed

  • Mixed transactions allowed (Purchase, cash-out)

  • Loan DSCR minimum 1.20

  • Property DSCR minimum 1.00

  • Discounted underwriting fees per unit

  • Minimum $50,000 property loan balance

  • Maximum $1,000,000 property loan balance

  • Minimum loan amount $400,000

  • Maximum loan amount $3M

SECURE PRE-APPROVAL FOR A BLANKET MORTGAGE

Experience swift approval! Gain pre-approval within 24 business hours and receive a pre-approval letter, backed by our 98% success rate from application to closing.

FAQs: Blanket Mortgage for Real Estate Investors

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