Blanket Mortgage
Blanket mortgage - a partitioned loan specifically designed to allow a single loan collateralized by a portfolio of properties. With a residential blanket mortgage for residential investment portfolios real estate investors that want to purchase more than 4 properties can use a blanket mortgage to grow their business.
A blanket mortgage from Dividend America Commercial Lending can be used to pull cash out of an existing residential investment property portfolio, to consolidate debt and refinance or to purchase a portfolio of residential investment properties. With rates as low as 5.5 - 7.75% and amortization terms out to 25 years, these loans are a great way to free up locked capital!
Blanket mortgages from DACL are partitioned to allow for investors to sell off individual real estate investment properties. This gives the residential real estate investor the ultimate in freedom when growing their portfolio. The blanket mortgage is not just for single family residential investment property either. A blanket mortgage can be used for multifamily, fractured condominiums, duplex portfolios, quadraplex portfolios and small apartment buildings and apartment complexes.
For real estate investors who have had their hands tied by the current restrictions of Fannie Mae and Freddie Mac underwriting, using a blanket mortgage to free up capital, refinance loans, pull some cash out and buy more properties is a great way to go!
Underwriting for a Dividend America blanket mortgage is very easy and many times is solely based on the rent roles ... NOT TAX RETURNS! To find out more about unlocking the pent up equity in your residential investment property portfolio, give the blanket mortgage experts at DACL a call. Call Michael Gross, President, 404-549-6756 or email your questions or scenario to info@dividendamerica.com
Lending in all 50 states and focusing on loans in the markets and submarkets listed in the S&P Case Shiller Home Price Index and the surrounding secondary markets to those cities. We look for opportunities in: Boston, Chicago, Denver, Las Vegas, Los Angeles, Miami, Fort Lauderdale, Orlando, San Diego, New York, San Francisco, Phoenix, Atlanta, Tampa Bay, Detroit, Minneapolis-Saint Paul, Charlotte, Dallas / Fort Worth, Portland, Seattle, Cleveland, Oklahoma City, Jacksonville, Indianapolis, Nashville, Kansas City, Louisville, Milwaukee, New Orleans, Philadelphia, Raleigh, Sacramento, Salt Lake City, San Antonio, San Jose, Saint Louis, Tucson, Austin, Baltimore
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