Blanket mortgages enable real estate investors to buy, hold, and sell multiple properties under a single financing arrangement. With a blanket loan, properties can be sold without triggering “due on sale” which allows proceeds from the sale to be used to purchase more property. This can be simpler and more efficient than having many individual…
About the Author
Kevin Mercadante covers Small Business Finance and Personal Finance for Fit Small Business. His background is in both public accounting and the mortgage industry.