When you are about to get a mortgage loan on a property, you will have to go through a standard process. However, it would be a contained financial transaction. If you are a real estate investor or a developer, who manages finances across several properties, you would want to make sure that you have the ability to maintain all of them and continue to expand your portfolio in the future. This is where things would get complex.
To overcome all that hassle, you can go for a blanket loan. By using a blanket loan, you will be able to combine multiple mortgage loans into one loan.
What is a blanket loan?
Along with the help of a blanket loan, you can proceed with purchasing multiple real estate properties at a given time. Blanket loans are quite popular among real estate developers as well as builders. That’s because they will be able to use the blanket loan in order to divide the property that they have into multiple portions and sell it individually.
What are the benefits of a blanket loan?
- A blanket loan is a perfect solution available for any active investor who has more than three active investment properties at a time.
- You can secure the best possible interest rate with the help of a blanket loan.
- A blanket loan would be ideal for people who need non-recourse execution, have minor credit issues, and don’t worry about long-term pre-payment penalties.
Get your blanket loan from us
We love to work with real estate investors and developers to help them with getting their blanket loans. Get in touch with our team, and we will share more details about it with you in detail.
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