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Investor lines of credit and blanket loans

 

blanket loans for multiple residential properties

80% LTV

680 credit

partial release allowed

2-10 year fixed terms

amortized over

Blanket loans for multiple residential propertis are treated much like commercial income property loans. The value is driven by net income. When seeking blanket loans please have detailed rent roll supported by leases and operating income statement. Lines of credit secured by multiple property similiar.

The debt service coverage ratio should be 1.2 or higher.

 

 

Summit Lending is texas mortgage broker specializing in investor loans. From 0 down, to no income verification, no documentation, cashouts with no seasoning. APPLY ONLINE, for quick pre qualification.

 


   
  Southwest Loop 323 Tyler, TX 75701----Broker Lic. #2985