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Blanket Loan Question for everyone
Just a quick question for anyone who can give me some advice. I'm looking at potentially acquiring 2, 4plex properties and was asking my lender if I can do 2 loans simultaneously to buy both at the same time. He said they can do that and its called a blanket loan. I haven't heard the term before so just wanted to ask and see what people's experience has been with those types of loans and if you would recommend it.
Thanks!