Updated about 10 years ago on .
3 or more existing properties can now be placed into one loan.
"Blanket" loans are very popular in the investment community. Normally used for refinance, they allow the investor to place 3 or more existing properties (# of properties is unlimited) into one loan and one note. This can be used to increase cash flow or to take cash out of existing properties to buy more. Minimum loan amount is $300,000. Maximum loan amount can go into the millions with enough properties in the blanket loan.
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