Updated over 8 years ago on . Most recent reply
Blanket Loan Help No clue where to go
Hello,
I talked to a Loan Officer in Texas a while back and he explained blanket loans that would allow me to wrap multiple properties into one single mortgage. I am extremely interested in doing that for the properties I have. I have a 6 unit building worth around 400k, a 4 unit that I just picked up worth around 250k, a 3 unit worth around 200k, and then a sfr out of state thats worth like 75k (probably couldn't be included in the loan but figured I'd add it just in case it could. I would like to purchase another 4 unit for around 225-250 and don't know if I could get the loan now for what I have only or set it up so I get that 4 unit at the same time I'm getting the blanket loan. Any help would be much appreciated.