With our blanket mortgage we don’t restrict our debtors to only one property, we are able to 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 enable for particular person items of actual property to be bought 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 have to be a minimal of 1.20
- The property DSCR have to be a minimal of 1.00
- Discounted underwriting charges can be found per unit
- Property mortgage balances have to 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 an exquisite 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.