|
Blanket Loans for
Commercial Property
Say you have a portfolio of
rental properties that you have been
building or acquiring for the past few years
and they are all single family homes or a
combination of properties meaning, you have
15 SFR's (Single Family Residences) - 5
condos - and 1 apartment building under
separate loans with separate lending
institutions. You have to write 21
different monthly checks and like most
banks, require send annual auditing
statements to multiple people.
Like the property insurance
that covers all of your asset under a single
policy or payment, a blanket loan or
commercial blanket loan acts much in the
same manor. Our new lending platform
take any number of properties and combines
into a single manageable blanket loan.
1 payment, one set of documents. 1
special purpose corporation.
Often Non-Recourse for
loans above $3,000,000, our commercial
blanket loans are now being deployed and
actively closing in 2014. Please
contact us if you
have anything you would like to discuss.
888-375-5355
To answer some common
questions regarding this blanket loan
mortgage product include:
Q. What are the
Blanket Loan Rates?
A. Hard to accurately
quote commercial mortgage rates - Today -
February 6, 2014 we are pricing on the 5 and
10 year swap index. Which today,
equates to 5.5% and 6.75% respectfully.
Q. Is there a
pre-payment penalty?
A. Yes. 4.5
years of yield maintenance - 9.5 years of
yield maintenance.
Q. What is the
amortization?
A. We have either a
25 or 30 year amortization - Depends on the
age, location, and loan size.
Q. What type of
property is considered?
A. Most all single
family 1-4 unit homes, condominiums, town
homes, and apartment buildings in most areas
of the United States.
Q. How many rental
properties can be included in the blanket
loan?
A. Anywhere from 5
units to 5,000 - There is really no maximum
amount.
Didn't see your question
here? - No worries, just pick up the phone
and call our toll free number and speak to
one of our qualified representatives now!
|
