Blanket Loans
What is a Blanket loan?
A Blanket loan is a commercial loan that "wraps" several individual investment properties into 1 loan with 1 payment. This can be a great way to pick up some additional properties when you have hit your 10 loan limit with Fannie Mae?
Do you offer Blanket Loans?
We are always out there reaching out to find new lenders to help with Blanket loans. Currently, we ARE offering blanket loans in San Antonio, Dallas, Austin, and Houston.
Why would I do a blanket loan?
- To be able to own more then 10 properties per person.
- Instead of owning 25 properties with 25 payments and 25 interest rates, this will allow you to have 1 payment to 1 company for 1 mortgage
- Remove properties that you own personally and, and move them off your credit report into one full recourse, Commercial loan.
- Purchase properties in bulk and just have one closing and one loan instead of mutiple underwritings and multiple closings and closing costs. (With a proven track record),
* Please note that not all investors can qualify. Blanket loans are generally for seasoned Investors whom have already demonstrated a track record of being able to manage multiple performing properties.
Distinct Funding Solutions - 17177 Preston Rd Suite 135 - Dallas, TX 75248
Office Phone: 214.466.8475 Fax: 214.466.8489 Cell Phone: 214.893.8953
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We lend in the following states: TX
Brian Morrison - NMLS #270396
Distinct Funding Solutions NMLS# 265116
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