Avatar's Blog
» Blanket Loans
Posted on 2/16/2005
Posted in Miscellaneous
Blanket loans are real estate loans that cover more than one piece of property. If you have two or more properties within a reasonably close location of each other, you may be able to collateralize them into one loan to generate the capital you need to accomplish your goals.
If the properties have a value of at least $1,000,000 each, this may be a reasonable solution to many hard money lending issues. However, for smaller value properties, you may find that the cost of due diligence on each property makes the upfront expenses for the loan to expensive.
Contact Avatar Financial Group by filling out a two minute loan application at: /borrower-qualification.php. We will let you know if your properties are a good fit for a blanket loan.
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