Blanket Portfolio Loans

Refinance your entire rental portfolio with Little City Investments. Our long-term blanket real estate loans can allow you to cross collateralize your portfolio and simplify your rental property financing with top tier rates. Our blanket rental property loans are especially useful for collateralizing those “trouble” rentals that might not be cash-flowing enough for an individual DSCR loan. We allow cash out refinances and partial payoffs, and we can include up to 25 properties in one blanket loan. For those seeking to refinance multiple properties at once, our Blanket Portfolio Loans solution is worth considering.

Blanket Portfolio Loans Highlights

• SFR, 2-4 units, multi family and mixed use
• Maximum loan to value up to 80%
• Purchase, refinance and cash out refinance options
• Minimum asset value of $100k per property
• Minimum total DSCR of 0.90x
• 660 minimum credit score
• 30-year fixed rate and 10-year interest only options
• Interest rates starting at 6%
• Appraisals required
• Fixed and declining prepayment penalty options
• Occupied properties only
• US citizens only

How do I get a blanket portfolio loan from Little City Investments?

1. Either get multiple Texas rental properties under contract or own multiple Texas rental properties with some equity, all of which can be covered with Blanket Portfolio Loans.
2. Fill out our short loan application. We’ll get back to you quickly with a preliminary term sheet and next steps. (We only do a soft pull of your credit initially which does not affect your score.) For those applying, remember that blanket portfolio loans stream line this process.
3. If you approve of the preliminary terms, we collect all items needed for underwriting and order the appraisal of the property.
4. Once the underwriting and appraisal review is complete, we lock your terms and can close within one business day. The typical time line to close is approximately 2 weeks from start to finish and mostly depends on the appraisal timeline. In the context of portfolio funding, blanket loans may take a bit longer than individual loans.