Blanket Loans
Blanket Loans are used to fund acquisition and refinance of multiple properties under one loan. Fixed rate financing is available up to 75% loan-to-value and interest only financing to 60% LTV. In addition, the properties must collectively meet a minimum debt coverage ratio for cash flow requirements. Blanket loans are available as non-recourse meaning there is no personal income verification – lending decisions are based strictly on the cash flow generated from the properties.
| Lending Criteria | Description |
| Purpose: |
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| Property Type: |
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| Max Loan-to-Value |
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| Borrower Types: |
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| Cash Flow Analysis |
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| Recourse: |
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| Broker Fee: |
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| Loan Term: |
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| Loan Amounts: |
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| Closing Timeframes: |
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| Amortization: |
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| Minimum Individual Property Value: |
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| Minimum Number of Properties: |
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| Collateral & Security: |
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| Other Costs: |
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| Prepayment Premium: |
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| Real Estate Tax & Insurance Escrows |
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| Replacement |
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* Portfolio loans subject to business and investor credit approval, geographic, appraisal and other underwriting requirements. Blanket loans require a minimum of five eligible. Application fees, closing costs and other fees apply.