Cross-Collateral / Blanket
One loan across several properties.
Blanket loans finance multiple properties under a single mortgage, and cross-collateral structures use equity in one property to support the purchase of another.
What makes this loan different
- Finance 2 to 100+ properties in one loan
- Use existing equity in place of a down payment
- Single payment and one set of closing costs
- Release provisions allow individual sales
Who this is built for
- Portfolio investors consolidating many loans
- Buyers with equity but limited liquidity
- Operators refinancing a group of rentals at once
Blanket loans
A blanket loan wraps several properties into one mortgage with one payment and one closing. For an investor with eight rentals financed eight different ways, consolidation can cut administrative overhead and often improve overall pricing.
The critical term is the release provision, which lets you sell an individual property out of the blanket by paying down an agreed amount rather than retiring the whole loan.
Cross-collateral
Cross-collateralizing pledges equity in a property you already own to support a new purchase, which can produce a purchase with little or no cash out of pocket. The trade-off is that both properties are now tied to one loan.
What lenders typically ask for
- A complete schedule of every property in the proposed structure, with values and current debt
- Leases and rent roll for income-producing properties
- Entity documents and operating agreement
- A borrower financial statement and schedule of real estate owned
- Credit report, and asset statements covering reserves across the portfolio
Requirements vary by lender and by file. This is a general picture of what is commonly requested, not a checklist for a specific loan.
Worth knowing
Release provisions decide how usable this is.
The terms governing how a single property can be sold out of the blanket — what has to be paid down, what approvals apply — determine whether the structure is flexible or a trap. This is the clause to read first.
Cross-default reaches the whole portfolio.
A problem at one property can put every property in the structure at risk. That concentration is the trade being made for the administrative simplicity of one loan.
Every property gets valued.
Valuation and, sometimes, environmental or condition reports are required across the portfolio, at the borrower's cost. This makes closing slower and more expensive than a single-property loan.
Refinancing individual assets later is harder.
Once properties are encumbered together, separating one out for its own financing generally requires the lender's cooperation. Worth thinking about against a five-year plan, not just this transaction.
See what this program would take in your case.
We are brokers — this program is shopped across hundreds of wholesale lenders, not quoted off one rate sheet. A short application gives us enough to compare real options.
Program availability, terms, guidelines, and documentation requirements vary by lender and are subject to underwriting and change without notice. This is not a commitment to lend.