Blanket Mortgage – Residential & Apartment Portfolios. A blanket mortgage is a commercial loan designed to cover multiple properties. Instead of using one property as collateral for the loan, a blanket mortgage actually utilizes the total value of a portfolio of investment properties to collateralize the loan.

A blanket loan is a mortgage that finances more than one property. So businesses use them for real estate investments. And borrowers might be commercial or residential landlords, or property.

Contents Blanket mortgage definition blanket mortgage lender blanket loan lenders blanket loan Landlord claimed natwest A blanket mortgage enables real estate investors to buy, hold, and sell multiple properties under a single financing arrangement which is more efficient than having multiple individual mortgages.

By including other properties in a blanket mortgage, the lender is better protected with extra value as security. This can frequently be used as a tool to negotiate better interest rates or other loan terms. If a lower payment allows for a positive cash flow from rents, this might be the way to go.

The solution will be officially released at the IMN’s first annual residential mortgage Servicing Rights Forum in Los. Don’t miss registering for the December 15th nmmla annual teddy bear and.

Blanket Loan Lenders Investors typically will put a minimum of 5+ properties into a blanket loan which allows the investor to go back out and purchase a new property with a Fannie Mae loan. When a Fannie Mae lender is looking at your credit, all they see is one investment loan that is not Fannie Mae.

Thomas McLinden, CEO of Money Source Financial Services, said the co-op could find it difficult to take out another blanket mortgage if needed. "Anything other than a residential type mortgage is hard.

A blanket mortgage enables real estate investors to buy, hold, and sell multiple properties under a single financing arrangement which is more efficient than having multiple individual mortgages.

Blanket Loan Rates Blanket mortgage example. For example, assume that you want to purchase and flip three different properties at a cost of $600,000. You can secure a mortgage for each property, but instead, you take out a blanket mortgage for $600,000 that uses all properties as collateral. After restoring the properties, you sell the first home for $250,000.

1st Commercial Lendings’ Blanket Mortgage and blanket loan solutions offers Residential Investment Property Portfolios Investors the full scope of financing to meet their needs. Over the years, we have developed a streamlined approval process that offers our clients quick answers and speedy results.

Blanket mortgage ; Blanket mortgage . A blanket mortgage is a financial product used to fund the purchase of two or more pieces of property. It is a common option used to fund commercial purchases. This is a digitized version of an article from The Times’s print archive, before the start of online publication in 1996.