Product

Portfolio & Blanket DSCR Loans

Past a handful of rentals, separate loans mean separate closings, separate payments and separate maturities. A blanket loan rolls them into one — with one combined ratio that the whole portfolio has to clear.

› Portfolio DSCR = Σ property rents ÷ Σ property housing expenses
Built for
  • Investors holding several single-family or small multifamily rentals
  • Owners consolidating multiple maturing loans
  • Investors acquiring a package of rentals in one transaction
Not for
  • Portfolios that include any owner-occupied home
  • Personal, family or household purposes

One ratio for the whole book

A blanket loan is underwritten on combined rent against combined housing expense. Strong properties can carry weaker ones, which is the main appeal. The flip side: a single property with very weak coverage drags the total, and some programs also set a floor that each property must meet individually.

Run each property through the DSCR calculator, write the rent and housing expense down, and add the columns. That combined ratio is your starting point.

Release provisions

If you plan to sell individual properties over time, ask how releases work: what portion of the loan must be paid down to release one property, and whether the remaining pool still has to meet a coverage test afterward. Release terms vary considerably and are worth comparing across lenders.

When separate loans still win

Separate loans keep each property independent, which can be simpler if you expect to sell or refinance properties on different timelines. A blanket loan simplifies administration but ties the properties together. We will lay out both structures side by side when the scenario supports it.

What gets reviewed

  • Schedule of properties with rents, taxes, insurance and HOA
  • Combined and individual coverage
  • Values and leverage across the pool
  • Release provisions and cross-collateralization
  • Entity structure, credit, reserves and track record

We are a mortgage broker, not a lender. We arrange and shop this financing from wholesale lenders, and program availability, leverage and terms vary by lender and by scenario. Nothing on this page is a rate quote or a commitment to lend.

Run it first

DSCR Calculator

Run each property, then sum rents and expenses for the portfolio ratio.

Open calculator
Questions

Portfolio & Blanket DSCR Loans: common questions

How many properties do I need for a blanket loan?

Minimums differ by lender. Some programs start at a small number of properties; others focus on larger portfolios. Tell us how many you have and we will identify which wholesale lenders fit.

Can properties in different states go on one blanket loan?

Sometimes. Multi-state pools are possible with certain programs, subject to the lender’s state footprint and licensing. Expect each state’s properties to be reviewed individually.

What happens if one property loses its tenant?

Your payment does not change, but the portfolio’s actual coverage falls until the unit is re-leased. Building reserves for vacancy across the pool is a sensible practice.