What type of terms are you guys getting from credit unions?

[Mike Wallace]

I own a number of paid off properties. I want to borrow against them so I can buy more. 

What type of terms are you getting from credit unions? I understand they call this "blanket loans"? 

[Ashley Pimsner]

Credit unions or portfolio lenders typically will lend 65-70% ltv as long as dcr (debt coverage ratio) is 1.20-1.25 or greater. Blanket loans can be helpful as you only have one payment for all of the properties, however if you choose to sell a property, then you need to replace it with an identical property, which is almost impossible, or go thru the underwriting process all over again. Rates between 4.5-7% with 3,5,10 year balloons with amortizations of 20-25 years. Hope this helps.