© LOAN PROGRAMS PROGRAM 09 OF 09
BLANKET / CROSS-COLLATERAL LOANS
One loan secured by several properties at once, so the combined equity carries a deal that no single asset would, with release clauses that let you sell or refinance one property out of the pool.
- RATES STARTING AT
- TERMS
© BLANKET / CROSS-COLLATERAL LOANS FROM 8.99% · 1-3 YR
BLANKET AND CROSS-COLLATERAL LOANS
A blanket loan pledges more than one property as security for a single debt. Investors use it to buy a new property with the equity in ones they already own, to consolidate several loans into one payment, or to fund a project across a portfolio. Loan Goat's blanket and cross-collateral loans run from 8.99% to 12.00% on a first lien, on terms of 1 to 3 years, and its loan documents are drawn for cross-collateral blanket loans with different vesting for each property. Leverage on the pool and release prices are quoted per deal.
© THE STRUCTURE TERMS QUOTED PER DEAL
HOW THE LOAN IS BUILT
The concept and a symbolic example; leverage on the pool, rates, terms and release prices are quoted on the Letter of Intent.
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ONE LOAN, SEVERAL PROPERTIES
The pool is underwritten as a whole: its combined equity secures the loan, its cash flow services it, and each property keeps its own exit. Release clauses set the price at which any one property can be sold or refinanced out of the pool while the loan continues on the rest.
- Combined equity across the pool secures the loan
- Release clauses free one property at a time
- Different vesting per property handled in the loan documents
- Sized on the pool, its cash flow and each exit
HOW CROSS-COLLATERAL WORKS
An investor owns Property A and Property B with equity in both and wants to buy Property C without the cash for a down payment. A blanket loan secured by A, B and C funds the purchase; the equity in A and B stands in for the cash.
When A sells, its release price is paid down and the lien on A is reconveyed, leaving B and C as the security. When C is stabilized and refinanced into a long-term loan, the blanket loan is paid off and B is released.
The example is symbolic: every figure on a real file is quoted on the Letter of Intent.
WHO IT IS FOR
WHO IT IS FOR
Investors whose equity is spread across several properties and whose next move needs all of it working at once.
- Buyers competing for a property without liquid cash for the down payment
- Owners consolidating several loans into one payment
- Portfolios that need one closing instead of many
- Projects funded across a pool rather than against a single asset
OUR PROCESS
HOW IT CLOSES
Four steps, with the schedule of properties, their values and existing liens replacing the single-property file at the documentation step.
- Complete your application
- Submit required documentation
- Sign your Letter of Intent
- We process and close your loan in 5-7 days
© BLANKET / CROSS-COLLATERAL LOANS
One loan across several properties, cross-collateralized when a single asset will not carry the deal.
PUBLISHED TERMS
© QUESTIONS 5 ANSWERS
BLANKET LOAN QUESTIONS
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One loan is secured by several properties at once, so the combined equity carries the deal instead of any single asset. Release clauses let individual properties be sold or refinanced out of the pool. Loan Goat's blanket and cross-collateral program is built for it, at rates from 8.99% to 12.00% on a first lien and terms of 1 to 3 years.
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Send the schedule of properties with values, existing liens and the purpose of the loan. Underwriting looks at the pool's combined equity, the cash flow and the exit for each asset, then structures the loan with release prices. The four-step process is the same as any other program.
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A cross-collateralized loan pledges more than one property as security for a single debt, so the lender can look to any of them if the loan is not repaid. It is how a borrower with equity spread across several assets funds a purchase or a project that one property alone would not support.
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There is no fixed number in the program; the pool is sized on combined equity and on the servicing and release structure that makes sense for the deal. Tell us how many assets you want to include and where they are.
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Pledging a home you live in changes the loan's regulatory character in many states, so it is decided case by case and depends on the purpose of the funds and state rules. Investment properties are the usual collateral; ask before you plan around your residence.
© LOAN REQUEST 2 MINUTES
SUBMIT A LOAN REQUEST
The loan information form with this program already selected. A lending advisor from our firm will reach out. Or just give us a call now: (619) 617-2797.