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Displaying items by tag: blanket mortgage

Friday, 29 October 2021 13:39

Understanding Blanket Loans

3 Reasons You Want to Use Blanket MortgagesIntroduction: What is a Blanket Loan and What are the advantages of blanket financing?

This is a financial product that offers a wide range of features, including a line of credit. A line of credit can be used to help consolidate rental investment home debt and also for other purposes, such as investing in more property for your LLC.

Many Properties Under 1 Loan

This loan offers many benefits over other loans because it can be used in so many different ways. They are easier to get than most other loans and the interest rate is typically lower than on an unsecured loan.

Published in Blanket Loan Mortgages
Thursday, 21 October 2021 08:35

Rental Property Financing Guide

2unitsactiveWhy Invest in Rental Properties?

Real estate can be purchased for many reasons. If you are an investor, you can use real estate to protect yourself from market volatility and have many other advantages.

Being a landlord is a great way to get a steady passive income, but sometimes you need some money to move. Investment property financing can take many forms as long as the borrower meets certain criteria. Many dream of boosting investment performance owning an apartment building investment property but have credit challenges, Rental Home Financing can help.

If you do not have sufficient funds to buy a large amount of real estate, a loan may be the only option. However, you could lose your investment if the loan you get is not right for you. Here are types of loans you can use to invest in real estate.

When you contact a lender, it is vital to understand the requirements and differences between what is out there and what is in there.

Published in Real Estate Investors
Wednesday, 12 December 2012 06:00

Blanket Mortgages for Rental Homes

Blanket Mortgages for Rental Homes
 
Over 4 billion for Blanket Mortgages Rental Homes

We are backed by over 4 billion dollars of financing that has been earmarked for deployment in 2021 for most any property type that is habitable and rented to stable tenants.

Whether your property portfolio consists of 1 or 3,000, we more than likely have a solution to help you grow your business.

Today fixed rates start at 3.5%.

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 2020

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 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

Call us to discuss your opportunity! - 1-888-375-7977

APPLY NOW - EASY ONLINE NOW

Rental Home Financing Investment Loan Products

Published in Blanket Loans
Tuesday, 29 September 2020 22:11

Your Comprehensive Guide to Blanket Mortgage Lenders

Your Comprehensive Guide to Blanket Mortgage LendersBlanket loans can be a crucial investment tool for property investors but finding blanket mortgage lenders can be challenging. They aren’t as proliferate as conventional mortgages and they might have more stringent qualifications.

While it can be tough to find blanket mortgage lenders, there are property investment strategies you can take to make the process less time-consuming. Review this comprehensive guide to blanket mortgage lenders before you start your research.

Published in Blanket Loan Mortgages

5 Questions to Determine ifBlanket mortgages sound like loans you take for that really expensive ReST bed you had your eye on. Even real estate professionals aren’t always aware they exist. These multi-property liens are often confused with products like wraparound mortgages. But a wraparound mortgage is just a fancy second lien, whereas a blanket mortgage is a first lien.

Not only are blanket mortgages easier to deal with than those other complicated loans, but they’re typically offered only by specialized companies. This is because traditional banks don’t have the capacity to train staff on how to help professionals who own multiple properties.

Published in Blanket Loan Mortgages

Everything you need to know about a blanket loan.Are you an experienced real estate investor who wants to grow their portfolio by more than just a single property? Everything you need to know about a blanket loan is right here. You should know about one of the best lending solutions for that kind of venture.

You came to the right place to increase your investment portfolio.

What Is a Blanket Loan?

When most people think about taking out a loan to purchase a property, they imagine a residential or commercial mortgage. This has been the standard for decades. Now things are different, we can provide a loan for many properties under one loan.

Yet, while this has become the most popular version for buying a property, investors often want to buy more than one at the same time. In these situations, an experienced investor will almost always opt for a blanket loan.

blanket loanMany Properties Under 1 Loan

With a blanket loan, you can secure numerous properties at once without the same inconvenience and overhead associated with multiple mortgages. Blanket loans offer a number of other unique advantages, as well.

These business-purpose loans can include:

However, they can be used to purchase many, many more. Why not try our quick form and get started today!

Cross-Collateralization Across Investment Properties – and State Lines

Another reason an experienced investor will usually choose a blanket loan is that it allows them to cross-collateralize properties – even across state lines. So, not only is the investor able to finance several properties through one lender, they can also use this arrangement to finance other deals. Look into our Foreign National Investor Financing Program.

loan equityA Blanket Loan Can Free Trapped Equity in Your Portfolio Loan

Not so long ago, developers and investors alike depended on leveraging the equity they had in properties to finance further ventures. Unfortunately, this means the investor’s equity has essentially become “trapped” within the property.

A Blanket Loan Can Leverage the Support of an LLC. While the investor’s personal financial history may play a role, as well, it’s usually very helpful to have the backing of an LLC during the consideration phase. This can lead to a much larger blanket loan than they would have otherwise received.

The Release Clause & Closing Costs

The last trait of a blanket loan that we need to talk about is the release clause. This is an essential feature because, without it, these loans would lose a crucial degree of flexibility.

In short, the release clause of a blanket mortgage gives the investor the right to sell off individual properties it covers without selling all of them. Having a way for extra money to throw at closing costs is quite an advantageCall us today – 1-888-375-7977and speak with one of our qualified representatives

7 Advantages of a Blanket Financing Loans for Term Rentals

Aside from the traits described above, there are a number of other reasons so many investors choose to use a blanket loan for their deals. Individually, most options don’t offer these advantages. However, only a blanket loan offers all of them. Check out our top seven advantages for a blanket loan below.

no limit portfolio1. There Is No Limit to the Number of Properties You Can Own

Fannie Mae and Freddie Mac can only offer so much help. Both FNMA and FHMC limit the number of properties they finance to just 10. Once you hit that limit, you’re on your own when it comes to financing. That’s not ideal.

Fortunately, there is absolutely no limit to the number of properties you can pay for using a blanket loan. There is also no limit to the number of properties you can own in order to be eligible to apply for one.

2. Consolidating Your Properties into One Type of Loan

Of course, that’s not the only reason a blanket loan works so well for investors with multiple properties. Even if it wasn’t one of the only sound options available, it would still be one of the most attractive simply because you can consolidate all of the properties you own under a single loan.

You could even use the additional properties to negotiate more favorable terms with a lender. Want to consolidate your properties?APPLY ONLINE NOW

3. Rental Property Financing Streamlined Accounting with Just One Small Business LLC or Business Partnership

If you think taking out multiple loans is going to be inconvenient, wait until you need to maintain the related bookkeeping year after year. Quite the nightmare with many properties. The alternative is 5 or 6 blanket loans with each one covering 10 mortgages. That is much more manageable.

leverage equity4. Leverage the Equity from Many Properties or Partner Buyouts

The next time you find a great property to invest in, you can pool the equity from your existing properties, cash it out, and use it as a down payment toward the purchase of this new rental home – or rental homes. Got a partner buyout planned? APPLY ONLINE NOW!

5. Greater Borrowing Power with No Debt to Income Ratio

You’ll be able to prove you’ve already been responsible with a large sum. That means you shouldn’t have much trouble securing even more.

This is a huge advantage far too many investors miss out on when they utilize individual loans for their properties. 

6. Take Advantage of Your Strong Cash Flows with your Mortgage Loan

When a lender considers you for a blanket loan, they’ll conduct a global cash flow analysis on each of your properties using a Debt-Service Coverage Ratio (DSCR) assessment.

All of this works to your advantage when you bundle properties because those with stronger cash flow will help make up for those that are weaker.

reduced risk investing7. Reduced Risk & a Low Interest Rate than Traditional Mortgage from local banks with a Single Mortgage

 

Although purchasing multiple properties may seem like it does the opposite, recall that a blanket loan involves the benefits of an LLC. Just one of these many benefits is that the LLC protects the investor against liability issues. These issues could otherwise put the investor’s personal finances at risk. Instead, the LLC would take the brunt of any legal recourse.

Reduce your investment risk, APPLY ONLINE NO or Call us today – 1-888-375-7977 

Rental Home Financing

Your Residential Blanket Mortgage Lender for money loans!

Our residential blanket mortgage loans are specifically designed for income property owners and investors on a Nationwide basis. Borrowers, brokers, and hard money lenders now have access to an unlimited fund, backed by experienced professionals, that has attractive financing options with no seasoning and reasonable underwriting guidelines.

Rental Home Financing Investment Loan Products

Published in Blanket Loan Mortgages

Best real estate investment financing options.

Which is the best option for financing real estate investments today; crowdfunding or rental property loans? Or can the two better be used together for superior returns?

 

Crowdfunding continues to be a hot buzzing topic. The adoption of crowdfunding by major brands, and emergence of new real estate specific crowdfunding platforms, along with masses of press coverage has made this form of fundraising even more popular.

 

Crowdfunding can be a great way to finance all types of things from honeymoons to new business startups to acquiring portfolios of single family rental properties. It doesn’t require putting personal credit on the line, can help spread risk, and promises to be a fun adventure.

 

However, crowdfunding can be far more intensive and expensive than most realize. Media stories of new startups landing millions via crowdfunding make it sound like a guaranteed path to overnight success and easy money.

 

What the media often fails to tell is that these ‘overnight’ successes are often the result of months of planning, and the culmination of thousands of dollars in marketing and the work of international specialist teams of marketers. Even the most popular crowdfunding platforms openly admit that their success rates are barely around 50%.

So how do rental property loans compare?

Taking rental home financing instead means far better odds of success, minutes instead of months trying to raise money, and the ability to retain control versus sharing it, and taking on the responsibility to other partners and investors.

 

New blanket mortgage options from RentalHomeFinancing.com have transformed the financing landscape making it far more cost effective and efficient to borrow to acquire portfolios of single family homes.

 

However, innovative real estate investors could combine both of these leverage options together to enjoy the best of both worlds. Aggressive investment property lenders are willing to allow creative deal structuring. So for example; an investor could secure very attractive base financing at a lower LTV in a long term mortgage loan, and then compliment the project with the media buzz, risk sharing, and support real estate crowdfunding can provide, while gaining more liquidity for improvements or marketing a new development.

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.

 

realtor-client-benefitsWhy does every Realtor need to be turning their clients onto bulk rental home financing and blanket mortgage loans?

A real estate agent’s financial connections, the ability to truly provide their clients an edge in the market, and capability to innovate and create new business is critical for surviving and thriving in the industry.

There are an estimated 2 million real estate agents in the U.S. Each and every one of them has the ability to show prospective buyers hundreds if not thousands of properties for sale. They all know how to write purchase contracts. That’s on top of all of the other sellers, investment firms, individual investors and builders marketing their wares and services.

Recent data from the National Association of Realtors (NAR) shows mortgage financing no longer the top challenge for Realtors selling more homes, but it remains up there. Our competitve rates help insure this. Cash buyers are at a record high, as percentage of U.S. real estate transactions. The amount of capital coming into to U.S. and being freed up from within it, is only likely to grow substantially over the next few years.

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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). 

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