With our blanket mortgage we don’t restrict our debtors to only one property, we will lend as much as 48 models. Our blanket mortgage secures as much as 48 properties by consolidating loans right into a single, custom-made plan tailor-made to suit your borrower’s particular monetary wants.
A single mortgage can cowl as much as 48 properties
Partial launch clauses permit for particular person items of actual property to be offered with out requiring a full payoff
Solely skilled buyers are eligible, with 1-4 residential models allowed
Combined transactions, together with purchases and cash-outs, are permitted
The mortgage DSCR should be a minimal of 1.20
The property DSCR should be a minimal of 1.00
Discounted underwriting charges can be found per unit
Property mortgage balances should be a minimal of $50,000
Property mortgage balances are capped at a most of $1,000,000
The minimal mortgage quantity is $400,000
The utmost mortgage quantity is $3,000,000
Our specialty is working with actual property buyers, we do a beautiful job increasing and sustaining their actual property portfolio. Actual property buyers flip to us as a result of we all know what we’re doing, MortgageDepot has been servicing actual property buyers for many years, contact us for extra details about our blanket mortgages.
