For the last few years it’s been very difficult to finance a portfolio of investment property. Banks are very reluctant to fund an investor who has more than four mortgages. This program solves that challenge.
Here are some highlights of the blanket loan program:
+ Cash out refi allowed
+ No limit on properties owned
+ Rates 6 to 7% fixed
+ Amortized 20 to 25 yrs
+ 4 or 5 points
+ Term 5 to 25 yrs with option to extend
+ 680 min credit score
+ $500K min loan amount, no max
+ 75% LTV (80% on case by case)
+ May be used to purchase a portfolio
Contact us at commercialloanprovider@gmail.com for more information.
12 single family homes. Looking for blanket mortgage. More than 700 Credi score and 12 % cap rate.
I just emailed more info to you. Thanks for your interest!
Got 14 SFR properties. Need a blanket to payoff current mortgage to buy more.
Hey Jim, we have more than one blanket loan program for your consideration. Your variables will help determine which program is best for you. I sent you an email with more info for your review and then we should get on the phone for a consultation.
I have 2 hard money loans and want to buy more properties. Would like lower rate refi loan or blanket loan these. Let me know procedure to follow. Thanks Tom
Hey Linda, I will be calling you today!
Any seasoning issues to refi out of Hard Money Loan? Cash-Out ReFi too?
Tom once again, you continue to offer the best programs the industry has! I can’t wait to pull the plug on our portfolio. We need to finance a 294-property tape we recently received, with everyone of the properties currently fully rehabbed, rented, in good income locations! Tom this is a slam dunk, so lets get to work! Thanks for being such a great professional also!
Thanks for your kind words William! Let’s see if the Blanket Loan Program is a fit for your project.
Hey Mark, there are no seasoning issues for cash out on the Blanket Loan Program or the Hard Money. Let’s connect and see if our business models are a match. Thanks for your interest!
I would like to know how I can get an approval letter for a line of credit to purchase,rehab multiple properties.
Some of the properties may include blocks of mobile homes that we need to be rehabbed and the either hold the note and or lease option. With that said I would like to know your process to receive an approval letter.
Matt, the Blanket Loan Program won’t be a fit for what you are looking to accomplish. We should get on the phone to talk about other options. I can be reached at 216.470.2657.
I will email info on our lines of credit that may assist you with this type of rehabbing.
We are finally ready to move forward on your outstanding blanket loan program.Its what we have been waiting for!
Let’s get started William!