Does anyone still do blanket loans? I have 4+ properties, which given fannie’s 4-limit requirement is obviously making it harder to get conventional financing. It’d be great to refinance all my real estate assets into one big blanket loan. Has anyone does this recently?
Very few national commercial lenders doing blanket loans. You’ll need strong cash flowing properties along with a few other requirements.
In addition to doing a blanket loan you’ll want to speak to local banks or credit unions where the properties are. If you dont live in that area it may be difficult for those institutions to do. These lenders can do individual commercial loans as well. (rather than blanketing them together)