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We offer BLANKET LOANS Nationwide!

Thursday, January 2, 2014 - Article by: nationwidelenderforyou - AFG - Message

We offer blanket loans, call us at 800 315 8803 - 7 days a week to discuss your loan scenario.The purpose of the blanket loan is to eliminate the process of applying for multiple mortgages. A blanket mortgage, by definition is a mortgage loan that is utilized for use on several properties at one time. Blanket loans or "blanket mortgages" require multiple pieces of real estate as collateral. They are considered a non-traditional mortgages or creative loan options for commercial borrowers looking to purchase or refinance multiple properties. In most cases there is not a limit to how many properties a borrower acquires in their portfolio. It is important to note, if there is a default on the blanket loan, that all the properties in the portfolio will be effected.We offer blanket loans; however, your portfolio of properties must include multi-unit properties i.e. a duplex, triplex, or quad plex, etc. must be included. We will not loan on all single family or SFRS. The minimum value of each property must be above 100K or $100,000. As with any loan the borrower must have good credit and the ability to make payments. Call us at 800 315 8803 to discuss your blanket loan scenario in more detail.

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