Blanket loan to refinance a portfolio with a minimum of seven or more rental units. Minimum loan of $700K and a minimum market value of $1MM

Our Blanket Mortgage Program for your Rental Properties is designed to help rental investors unlock equity and get cash out of their existing rental investments. Consolidate multiple rental property mortgages into a single loan so you can continue to grow your portfolio.

Key Product Facts

  • Commercial loan is underwritten on property cash flow
  • No personal income verification
  • No limit to the number of properties that can be financed
  • Designed for buy-and-hold investors

Loan Purpose

  • Take cash out of an existing portfolio to buy more properties, or
  • Refinance or consolidate multiple rental loans

Interest Rate

     5.50% –  7.99%

Minimum Property Value

  • Multi-family 5-20 units: $30,000 per unit
  • Other property types: $50,000 per unit


  • 5 years or 10 years with balloon due at end of term
  • Option to amortize up to 30 years, with an interest-only option available

Borrower Type


Maximum Loan-to-Value (LTV)

  • 75% LTV for a fully amortized loan (80% for Purchase, 75% max Cash-out, 90-day seasoning)
  • 70% LTV for an interest-only loan

Maximum Loan-to-Cost (LTC),?Cost is purchase price amount

     Time Owned: Constraint

  • < 90 days: 80% LTC
  • > 90 days: Full appraised value

When do we use LTV vs LTC?

  • Purchase: Use lesser of LTV or LTC calculation
  • Refinance: Use LTC until the property has seasoned for 90 days, then use LTV

Cash Flow Requirement

  • Fully Amortized Loan: Debt Service Coverage Ratio (DSRC) of 1.15x
  • Interest Only Loan: DSCR of 1.20x

Rehab/Construction Financing


Property Type

Non-Owner Occupied: Single-family residences, 2-4 family units, Condos, Townhomes, and Multi-family properties 5 to 20 units