Blanket loan to refinance a portfolio with a minimum of seven or more rental units. Minimum loan of $700K and a minimum market value of $1MM
Our Blanket Mortgage Program for your Rental Properties is designed to help rental investors unlock equity and get cash out of their existing rental investments. Consolidate multiple rental property mortgages into a single loan so you can continue to grow your portfolio.
Key Product Facts
- Commercial loan is underwritten on property cash flow
- No personal income verification
- No limit to the number of properties that can be financed
- Designed for buy-and-hold investors
Loan Purpose |
|
Interest Rate |
5.50% – 7.99% |
Minimum Property Value |
|
Term |
|
Borrower Type |
LLC |
Maximum Loan-to-Value (LTV) |
|
Maximum Loan-to-Cost (LTC), Cost is purchase price amount |
Time Owned : Constraint
|
When do we use LTV vs LTC? |
|
Cash Flow Requirement |
|
Rehab/Construction Financing |
N/A |
Property Type |
Non-Owner Occupied: Single family residences, 2-4 family units, Condos, Townhomes, and Multi-family properties 5 to 20 units |