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Friday, May 23, 2014

Blanket loans on portfolios of rental homes.

During the depth of the Great Recession, after residential real estate had fallen by 45%, some smart investors - including the giant opportunity fund, Blackstone - figured out that they could buy these cheap houses for all cash, fix them up a little bit, and rent them out for an 8% to 10% cash-on-cash return.

Suddenly foreclosed homes started disappearing from the market, as investors quickly snapped them up. Home ownership in America dropped from 67% to just 63%, and a lot of smart investors amassed large portfolios of rental homes.

Today, the hot, new product in commercial real estate finance is a blanket commercial loan against 5 or more rental homes.

We did four of these loans this month.  Apply Now

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