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Rental Home Financing

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airbnb CompetitorsThe Short Term Rental Market is Growing & Here is Why: 
Airbnb Investments Grow with a Single Blanket Loan
Investors are raking in cash during high-interest rates and the online platforms supporting short term rentals are growing exponentially. 
Regardless of rates, the short-term rental market is exploding because of a little-known secret to make investing easy.  

If you're looking for a way to grow your Airbnb business with ease then a blanket loan may be the answer you're looking for. The market is exploding and we will tell you why, show you the proof, and show you how you can take advantage of it with ease.

What is a Blanket Loan for Airbnb Investments

BLANKET LOAN Definition:

A blanket loan is a single loan that can be used to finance multiple properties. This type of loan can be very helpful for investors who are looking to purchase multiple properties or grow their Airbnb business. Airbnb investments grow with a single blanket loan because you can keep adding properties to the same loan. To learn more about blanket loans, click here.

Short Term Rental Market is Booming

According to a recent study, the short-term rental market is booming, with Airbnb and Vrbo leading the way. And now Google plans to get in on the action with a new platform that will compete directly with those two companies.

Published in Blanket Loan Mortgages

What is a Blanket Loan?

blanket loanFor a real estate investor with multiple properties, a blanket mortgage covers all of them under one loan, it is a cost-effective and time-efficient way to reduce the stress of managing multiple loans. This is the "cliff-notes" version for learning about blanket loans. For those who are wanting to dig into details we wrote an extensive article on "All About Blanket Loans".

Investment real estate rental mortgages can be complicated, each new mortgage creates more work. Without a blanket loan, the more you keep adding to your portfolio, you are adding new mortgages for each one; creating a nightmare of paperwork, payments, & accounting challenges. 

Simplifying Investment Portfolios

With all the concerns of owning investment property for the real estate investor, like closing costs, the release clause, keeping up with multiple properties but under an individual properties loan, keeping up with all those pieces of real estate under a traditional mortgage with balloon payments and interest rates of a single mortgage for each of the rental properties; makes one wonder how real estate developers or property owner can keep up with any of the home loans at all.

With all the paperwork and multiple monthly payments to mortgage lenders, the home loans have drawn in house flippers instead of long time investors. Then people find out about types of loans called blanket mortgage loans. So let's learn more all about blanket loans.

All About Blanket Loans

A blanket mortgage solves the confusion of multiple loans by placing all properties under one loan with one monthly payment. This is completely simplifying the investment portfolio management process.

With a long-term loan, real estate may be sold without initiating a “sale case”, allowing you to use the proceeds of the sale to buy multiple properties. With Rental Home Financing, you can use a blanket loan for purchase or refinance. For example, if you buy a portfolio of a dozen rental properties, a blanket loan allows you to get a mortgage that covers all ten of them under one mortgage. Simple!

Published in Blanket Loan Mortgages
Wednesday, 12 December 2012 06:00

Blanket Mortgages for Rental Homes

Blanket Mortgages for Rental HomesWelcome to the World of Blanket Loans

Blanket mortgages for rental homes to cover more than one property on a single loan. A blanket mortgage is a single mortgage that covers more than one property. This can be useful for rental homes, as it can save time and money on closing costs.
 
Blanket mortgages can be used to cover up to four properties, and they typically have a lower interest rate than traditional mortgages. To gather more advantages of blanket loans, visit our page "How a blanket loan works". There is also more information on Wikipedia.  Or if you are ready, APPLY ONLINE FREE.

Over 4 Billion Dollars Available to Blanket Mortgages for Rental Homes

We are backed by over 4 billion dollars of financing that has been earmarked for deployment in 2022 for most any property type that is habitable and rented to stable tenants. With this much money available, we can offer you a competitive mortgage rate and terms that will best meet your needs.
 
Contact us today to learn more about how we can help you finance your rental property. Whether your property portfolio consists of 1 or 3,000, we more than likely have a solution to help you grow your business.
 

Call us today to discuss competitive rates. 888-375-7977 or APPLY ONLINE FREE.

Blanket Loan Parameters

Check out our loan parameters for more specific information or simply call us to learn more about our blanket loan product.

Investment mortgage blanket loan chart for 2022

 

TermTypeIndexPrepay prd.RecourseMax LTVMin. DSCRAmort.
5 years* Fixed 5-year Swap Options Non-recourse 75% 1.20x 30 years
5 years* Fixed 5-year Swap Options Full recourse 75% 1.20x 30 years
10 years* Fixed 10-year Swap Options Non-recourse 75% 1.20x 30 years
10 years* Fixed 10-year Swap Options Full recourse 75% 1.20x 30 years
Security:
  • First Mortgage Lien or Deed of Trust, plus equity pledge of sponsor.
  • $500,000 to $5,000,000+
  • 5 and 10 year fixed rates are available
  • Portfolios of 1 to 4 family rental homes, townhomes, condos and 5+ multifamily
  • Cross collateralized and cross defaulted first mortgage and equity pledge
  • Approved LLC or other commercial entity
  • Up to 75% of BPO/appraised value
  • 30 year amortization depending on price point, age and leverage
  • Competitive market pricing
  • Non-recourse to key principals except for customary bad act carveouts

If you already have your property in mind, you may want to try our Investment loan calculator.

Call us to discuss your opportunity! - 888-375-7977

APPLY NOW - EASY ONLINE NOW

 

Rental Home Financing Investment Loans

Published in Blanket Loans

How Many Mortgages Can You Have ? Tips for Increasing Your PortfolioNothing quite compares to how it felt when you closed on your first rental property.

It was a brand-new experience, maybe even one you weren’t sure you’d see all the way through.

But you did and, pretty soon, that investment began paying you back as rent checks coming in every month.

If you’re like most investors, it didn’t take you long to start thinking about going through the process all over again and purchasing another rental property. After that, it probably felt inevitable that you’d soon purchase one more.

At this point, you may be seriously considering turning real estate into the source of your full-time income. You might even be just one or two properties away from replacing your current salary. Then, why not just keep adding more to your portfolio?

This is usually when investors begin asking, “How many mortgages can you have?”

The answer may surprise you.

Published in Blanket Loan Mortgages

New YearIs a blanket mortgage loan just what you need to optimize your rental property portfolio? There are thousands of real estate investors out there with multiple rental properties, who are not yielding the best possible returns. Blanket mortgages could be one of the simplest and most effective options for turning this around.

What is a Blanket Mortgage Loan?

A blanket mortgage loan is a single loan that can be collateralized by multiple properties. For example; instead of applying for and juggling 10 individual loans on 10 single-family homes or apartment buildings, investors can use a single blanket loan to borrow against all of them. It is one set of paperwork, just one loan to service each month, or to consider refinancing or retiring in the future.

There can be many advantages of these loans for optimizing income property portfolios.

Published in Blanket Loan Mortgages

Needle in a Haystack

amazing loan ratesRental home loans are always a murkier place, especially for newbies. When it comes to mortgages for rental homes, finding the right deal with affordable interest rates, in the long run, is akin to finding a needle in a haystack.

 

Your best bet is to be thoroughly prepared before you start down this path.

From an impressive credit score to maintaining the right cash reserves, there's plenty of advice for you.

 

 

Here are 6 ultimate ways to make sure you grab the best deal out of the plethora of rental home loans:

Published in Blanket Loan Mortgages
Friday, 12 June 2015 05:00

Rental Property Lending

rental property lendingRental Property Lending with Blanket Loans

A blanket mortgage is a type of rental property lending that allows the purchase of multiple parcels of real estate under the shade of a single mortgage. The finance of all the properties is taken as collateral by the creditor.

During the release clause, the integrity of the mortgage can remain unharmed if one or more real estate parcels within the blanket are sold. For example, if an investor acquired a blanket mortgage to purchase six buildings and sold two of them, he/she would still maintain the blanket mortgage for the remaining four properties. A blanket mortgage is often used by real estate developers to finance the purchase and development of land.

The Benefits of Blanket Mortgages with Rental Property Lending

Blanket mortgages offer a more efficient, cost-effective way for real estate investors to acquire financing. For a real estate investor, the alternative to a blanket mortgage would be to obtain separate mortgages for each property. For instance, if a company were planning to build a subdivision with 30 houses, it would need to take out 30 separate mortgages to finance the purchase and construction of the 30 homes.

Published in Blanket Loan Mortgages

Tactics for Best Deal on Rental Property Loans

close the dealAs rental property financing becomes more accessible for real estate investors more and more are seeking out new acquisitions and are looking to refinance investment property to maximize returns. However, there can be distinct differences in the terms different investors are able to obtain.

 

Here are five tips to consider to enable investors to land the best possible deal on their next rental property loan

Published in Blanket Loan Mortgages

What are blanket mortgages? When should they be used for financing income investment properties? What features and terms should real estate investors be demanding when shopping for a blanket mortgage loan?

Blanket Mortgages 101:

Blanket mortgages may be a new concept for many residential real estate investors. However, they have been used for decades by builders and developers, and commercial property investors.

Blanket mortgages are used for funding more than one piece of property, in one loan.

Imagine if a builder or developer needed to arrange individual lot and home financing for every property in a new subdivision, or condominium building. It would be a paperwork nightmare, not to mention slow, inefficient, and extremely expensive to the point of being cost prohibitive.

 

Rental Home Financing
9465 Counselors Way
Suite #200,
Indianapolis, IN 46240

ABOUT US
Rental Home Financing originates commercial blanket loans with a commercial purpose and is not currently authorized to make such loans in all areas of the United States. Specific circumstances will determine whether we have the ability approve/close portfolio rental home loans in your state(s). 

CALL TODAY: 888-375-7977
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