Blanket mortgages are used for funding more than one piece of property, in one loan. They have been used for decades by builders, developers and commercial property investors.

These loans make a lot of sense for today’s rental property investor. They offer investors the ability to refinance and expand their single family rental portfolios. Many investors have poured much of their liquidity into making acquisitions, own property free and clear, but could use the additional flexibility of more cash on hand.

Those with 3 plus rental properties can use blanket mortgages to refinance, and access equity for making property improvements, covering holding costs, or simply taking advantage of low interest rates and leverage while recouping their cash investment. Others will want to use these investment property loans for making acquisitions while asset prices are attractive. Some of these “buy to rent” loans will allow for bulk buying of single family homes, or offer a credit facility for pooling property from different sources.

Whatever the purpose, this is an ideal time to use blanket mortgages for residential property investors.

Besides blanket loans, we also offer programs on single residential properties. Investors who do not have the minimum number of properties required by our blanket mortgages, can use our single property loans. Approval is quick, paperwork is minimal, rates are attractive, no cash-out restrictions and we can often close in three weeks.

Below is a brief summary of our single property loans and our blanket loan programs. By filling out our property profit and loss worksheet (template available), we can tell you exactly how much of a loan your properties will qualify for. Contact us and we’ll send you a copy (excel based).