O C F I T B L O G Mortgage Blanket Mortgage Loan

Blanket Mortgage Loan

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With our blanket mortgage we don’t limit our borrowers to just one property, we can lend up to 48 units. Our blanket mortgage secures up to 48 properties by consolidating loans into a single, customized plan tailored to fit your borrower’s specific financial needs.

  • A single mortgage can cover up to 48 properties
  • Partial release clauses allow for individual pieces of real estate to be sold without requiring a full payoff
  • Only experienced investors are eligible, with 1-4 residential units allowed
  • Mixed transactions, including purchases and cash-outs, are permitted
  • The loan DSCR must be a minimum of 1.20
  • The property DSCR must be a minimum of 1.00
  • Discounted underwriting fees are available per unit
  • Property loan balances must be a minimum of $50,000
  • Property loan balances are capped at a maximum of $1,000,000
  • The minimum loan amount is $400,000
  • The maximum loan amount is $3,000,000

Our specialty is working with real estate investors, we do a wonderful job expanding and maintaining their real estate portfolio. Real estate investors turn to us because we know what we are doing, MortgageDepot has been servicing real estate investors for decades, contact us for more information about our blanket mortgages.

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