Capital for Real Estate, the leading blanket mortgage lender in the United States, is pleased to announce their updated blanket mortgage lending services. They are now offering four different financing options for residential 1 to 4 units, as well as, multi-family apartment buildings and commercial investment properties, all based on the needed capital sources of their clients.
A blanket loan is a single mortgage which covers five or more properties within any of the major metropolitan areas in the. Real estate investors and commercial land developers most typically utilize these powerful leverage tools.
Blanket mortgages are not traditional lending products. They are handled by professionals familiar with unique lending situations. This allow them to be custom tailored based as much on the financial potential of the holdings and your track record as an investor or developer, and less on a cookie-cutter approval process.
A residential blanket mortgage from Capital for Real Estate is extremely useful to real estate investors who own 5 to 2500 properties worth over $800,000, or if an investor is purchasing multiple properties at the same time. Either way, when you own many properties, and multiple individual mortgages you face a lot of administrative, credit and possibly financial challenges.
Imagine owning 15 rental properties, each with its own mortgage. Every month, you are responsible for making 15 individual payments to multiple banks, all the while trying to keep your credit scores high from the many mortgages and credit inquiries. You also have to pay attention to market conditions, interest rates, terms, and lending requirements. The more rental units you have, the more difficult this process becomes.
Now, imagine having all 15 of those properties in only one larger mortgage. You have to make one payment to a single bank, one credit pull and the blanket mortgage has a set rate and terms. All the existing mortgages get paid off and that can positively impact your credit scores. That’s it!
Blanket mortgage companies have in-house finance professionals that most small and medium-sized borrowers don’t typically have the same access to as a source of funds and professional advice. Capital for Real Estate concentrates on offering these services to this segment of the market. These loans are backed by experienced professionals who have appealing financing options.
A commercial blanket loan might also be sought by businesses that have multiple locations they wish to own and operate out of such as a franchisor. This could apply to real estate developers who are investing in commercial or residential property, such as apartment buildings or multifamily homes.
About Capital for Real Estate:
Capital for Real Estate provides real estate capital advisory services to investors. Their mission was to become an advocate for their clients. They want to help them handle the constant changes in the banking industry. The company strives to help their clients and offer access to real estate investor mortgage options. That is in spite of the continuous challenges happening in the capital markets. The company truly believes that the majority of small to medium-sized businesses owners lacked the capital sources and expertise to obtain the best financing options.
Visit Capital for Real Estate’s official website at www.CapitalForRealEstate.net for more information about their Blanket Mortgage Loan.
SOURCE: MAGIC PR [Link]
About Capital for Real Estate
If you are looking for the best mortgage rates, you need the TOP mortgage professional working for you! We have helped individuals and companies by offering the most favorable rates and terms available in the market. Our mortgage advisors assist…
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