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What is a Blanket Mortgage?

A blanket mortgage is a single loan covering two or more pieces of real estate held together as collateral, allowing investors to finance multiple properties efficiently while retaining flexibility to sell individual properties without retiring the entire mortgage, making it ideal for developers and investors building portfolios.

Comprehensive Definition and Key Features

  • Singular mortgage covering multiple properties simultaneously
  • Covers two or more pieces of real estate together
  • All assets serve as collateral for single loan
  • Individual properties sellable without retiring entire mortgage

Uses and Borrower Benefits

  • Investors buy multiple properties with single loan
  • Developers save time over separate loans
  • Used for developed or undeveloped land parcels
  • Can finance commercial or residential properties

Blanket mortgages are single loans covering multiple real estate properties held as collateral together, allowing investors to sell individual properties without retiring entire mortgage.

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