Blanket Loans
Blanket loans are used by real estate investors and developers to cover multiple properties under a single mortgage.
What is a Blanket Loan?
A blanket loan is a single loan that covers two or more properties. The real estate is held together as collateral on the loan, but the individual properties may be sold without retiring the entire loan. Blanket loans make it easier to get funding for multiple properties rather than having to take out multiple loans.
Types of Properties Covered
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Residential Investment Properties: Single-family homes, duplexes, triplexes, and multi-family units.
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Commercial Properties: Retail spaces, office buildings, warehouses, and other commercial properties.
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Mixed-Use Properties: Developments combining housing and commercial spaces.
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Land: Multiple parcels of land for investment or development purposes. ​​​
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Key Features of Blanket Loans
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The loan covers multiple properties
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Cost efficient
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Flexibility
