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Updated almost 6 years ago on . Most recent reply
Blanket loan or individual loan
Hello I am in Houston. I own 4 single family properties. I am trying to refinance my properties. Should I do blanket loan or inidividual loan for each property. If the answer is blanket loan do you know any bank does that?
I do not own an LLC.
P.S. I have heard that blanket loan reduces your debt to income ratio.
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#3 Commercial Real Estate Investing Contributor
- Attorney
- Dallas, TX
Originally posted by @Filmon "Phil" Haile:
Hello I am in Houston. I own 4 single family properties. I am trying to refinance my properties. Should I do blanket loan or inidividual loan for each property. If the answer is blanket loan do you know any bank does that?
I do not own an LLC.
P.S. I have heard that blanket loan reduces your debt to income ratio.
Portfolio loan via a single LLC is your most cost efficient manner. Plus single payment each month and a stronger relationship with one lender. I work with several lenders that can help, where are your properties?