Blanket Mortgage – Residential & Apartment Portfolios

A blanket mortgage is a commercial loan designed to cover multiple properties.  Instead of using one property as collateral for the loan, a blanket mortgage actually utilizes the total value of a portfolio of investment properties to collateralize the loan.  The blanket mortgage is a huge advantage to real estate investors who are ‘stuck’ using traditional bank loans and need a new way to grow their business.

Our blanket mortgage product is divided into three separate categories, but the general way the blanket mortgage works is the same as each category … see categories below …  The blanket mortgage typically allows for the real estate investor to take out one loan on the entire portfolio utilizing the whole value of the real estate investment portfolio, whether residential or multifamily, as collateral.  However, the blanket mortgage is partitioned allowing the investor to sell individual properties over time or, in some cases, allowing the investor to ‘trade’ old properties in the portfolio for new ones.

Real estate investors can use a DACL blanket mortgage to refinance the individual investment property loans and consolidate them into one and at the same time they can pull cash out of the portfolio to use to repair properties or purchase other real estate investments.  The blanket mortgage can also be used to purchase other residential real estate investment portfolios.  Contact us today and find out how a blanket mortgage from Dividend America can unlock the hidden value of your real estate investments and free up cash to buy more real estate!

Blanket Mortgage

Standard Investor Blanket Mortgage

  • $500,000 to $5 million – loan amounts
  • 75% Loan to Value (LTV) for refinance transactions with 90 days of seasoning
  • Cash out refinance is acceptable
  • 75% Loan to Cost (LTC) for purchase transactions
  • NO TAX RETURNS … loan qualification based on portfolio value and income
  • 90 day seasoning – value based on appraisal after only 90 days of ownership!
  • Streamlined Documentation
  • 5 or 10 year fixed terms with amortization up to 30 years!

Blanket MortgageEntrepreneurial Investor Blanket Mortgage

  • Over $3 million – loan amounts
  • 75% Loan to Value (LTV) for refinance transactions with 90 days of seasoning
  • Cash out refinance is acceptable
  • 75% Loan to Cost (LTC) for purchase transactions
  • NO TAX RETURNS … loan qualification based on portfolio value and income
  • 90 day seasoning – value based on appraisal after only 90 days of ownership!
  • Standard Documentation
  • 5-10 year fixed terms with amortization up to 30 years!

 

Apartment Investor Blanket Mortgage

  • $1 million to $50 million – loan amounts
  • Designed for portfolios of Apartment Buildings and small Apartment complexes (100 units or less)
  • Frances Apartment Building, 534 Cleveland Ave., SW, Canton, OH - Blanket Mortgage75% Loan to Value
  • Cash out refinance is acceptable
  • Purchase is 75% LTC
  • NO, TAX RETURNS … loan based on rent rolls
  • 90 day seasoning – value based on appraisal after 90 days!
  • Streamlined Documentation
  • 5-10 year fixed terms with amortization up to 30 years!

Lending in all 50 states and focusing on blanket mortgages in the markets and submarkets listed in the S&P Case-Shiller Home Price Index and the surrounding secondary markets to those cities.  We look for opportunities in:  Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, Fort Lauderdale, Orlando, San Diego, New York, San Francisco, Phoenix, Atlanta, Tampa Bay, Detroit, Minneapolis-Saint Paul, Charlotte, Dallas / Fort Worth, Portland, Seattle, Cleveland, Oklahoma City, Jacksonville, Indianapolis, Nashville, Kansas City, Louisville, Milwaukee, New Orleans, Philadelphia, Raleigh, Sacramento, Salt Lake City, San Antonio, San Jose, Saint Louis, Tucson, Austin, Baltimore