For the rental property investor, a blanket mortgage makes plenty of sense. If you have five or more properties, refinancing with a blanket mortgage may provide you the cash you need for improvements and help to cover holding costs, as well as for expanding with new acquisitions. It’s important to find a lender that's investor friendly and offers longer amortization schedules to give you lower payments. The right lender and the right blanket loan may be the answer to your issues of financing more than 10 properties.
Often, lenders will offer blanket mortgages for five to ten years with a fixed rate with full amortization up to 30 years, some with non-recourse options. You may be able to get up to 75% loan to value of the value of your entire portfolio, and the loans will range from $500K up to more than $5 million.
It's even possible to use the multifamily blanket mortgage option from lenders if you don't just own single family homes. You may be able to include multifamily property loans, so you can finance all your rental properties without worry.
There are several blanket loan options to help with financing multiple properties. As a rental property investor, you don't have to stick with traditional mortgage and stop investing when you hit your limit. Maybe you already have four properties or even ten, and your bank has told you they won't approve another mortgage. Find the right lender offering multiple blanket loan options and you won't have to worry any longer. You can continue to grow your rental property empire as large as your goals.