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.
|Cash Flow Analysis|
|Minimum Individual Property Value:|
|Minimum Number of Properties:|
|Collateral & Security:|
|Real Estate Tax & Insurance Escrows|
* 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.