Blanket Mortgages for Rental Homes

An industry leader in financing single family houses under 1 loan, 1 lender, 1 monthly payment using a blanket mortgages for rental properties on either a 3/30 – 5/30 – 7/30 – 10/30 – or 30-30 year fixed rates for residential investors that are looking to grow their rental business by acquiring more rentals, refinance existing debt, or cash out to buy more.

We work with investors with as little as one rental home and also work with groups that are nearing 3,000 single family homes for rent. We have many years of experience to help you obtain your landlord financing objectives.

Blanket Mortgage Rates change often, however, our fixed rates are ranging between 5.5% – 7.5%. Some variables to the rates include:

• LTV – Up to 75% of the value
• Seasoning of ownership (We have very little seasoning requirements)
• Type of collateral – 1 – 4 unit – 5+ Multifamily
• Credit score – Min 600
• Zip code – Most areas of the USA are considered
• Cash flow – 1.2x DSCR is preferred
• Experience – 1 year is preferred – or Professional Manager

Term	Type	Index	Prepay period	Recourse	Max LTV	Min. DSCR	Amort.
5 years	Fixed	5-year Swap Rate	YM – Declining	Non-recourse	65 – 70%	1.15	I/O – 30
5 years	Fixed	5-year Swap Rate	YM – Declining	Full recourse	75%	1.15	30
10 years	Fixed	10-year Swap Rate	YM – Declining	Non-recourse	65 – 70%	1.15	I/O – 30
10 years	Fixed	10-year Swap Rate	YM – Declining	Full recourse	75%	1.15	30

 

Security:

• $500,000 to $20,000,000+
• 5 and 10 year fixed rates
• First Mortgage Lien
• Underwriting the cash flow of the pool of properties
• NO Borrower DTI requirements
• NO limit to cash out
• 30 year amortization
• Groups of 1 to 4 single family rental properties, town homes, condominiums and select 5+ multifamily
• Cross collateralize first mortgage
• Approved LLC or other commercial entity
• Up to 75% of appraised value
• 30 year amortization
• Competitive market pricing
• Non-recourse to key principals except for customary bad act carveouts