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
  • Purchase and Refinance
Property Type:
  • Single Family Residence (1-4)
  • Condominium
  • Townhomes
  • Apartments
Max Loan-to-Value
  • Recourse: Up to 75%  
  • Non-Recourse: Up to 60%
Borrower Types:
  • Individual or Single Purpose LLC
Cash Flow Analysis
  • 1.15%
  • 1.2% for interest-only (w/LTV>60%)
  • Recourse
  • Non-Recourse up to 60% LTV
Broker Fee:
  • 1-2 points (subject to loan)
Loan Term:
  • 5, 10 & 30-years
Loan Amounts:
  • $150,000 – $5,000,000
Closing Timeframes:
  • 60 days
  • 30-years
Minimum Individual Property Value:
  • $50,000
Minimum Number of Properties:
  • 5
Collateral & Security:
  • 1st Trust Deeds
  • Equity Pledge
Other Costs:
  • All 3rd Party Fees
Prepayment Premium:
  • 30-Year: None
  • 5 or 10-Year: Yes
Real Estate Tax & Insurance Escrows
  • Required
  • Recourse: No
  • Non-Recourse: Yes

* 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.

This information is NOT a loan approval or commitment to lend. The actual loan amount, interest rate, fees, costs and monthly payment on your specific loan transaction can vary and will depend on your choice of loan product and your unique credit profile. Loans (in CA) will be made pursuant to BRE License #02001852 & NMLS License #1463667. Loan Brook, Inc. is an equal housing lender.