Michigan portfolios tend to be built house by house: brick bungalows in Detroit and the inner-ring suburbs, two-flats in Grand Rapids, student-area rentals near Lansing and Kalamazoo. The rents are steady. The tax bill after a sale is the number that catches people off guard.
In short: Our top pick for Michigan blanket loans is LendingStreet. We roll 5+ investment properties (1-8 units each) into one loan qualified on portfolio cash flow, with no W-2s or tax returns. You get portfolio pricing, one closing, one payment and release provisions to sell homes individually. LLC borrowers are standard and 30-year terms are available. Get a quote with the form below.
LendingStreet is an investment property lender, and our blanket portfolio loan is designed for investors who own several rentals and want them financed together. Instead of six lenders and six due dates, you have one business-purpose loan on non-owner-occupied property.
It fits Michigan investors consolidating older loans, pulling equity from homes that have appreciated, or moving renovated houses off short-term debt. Single-family homes, two-flats and small buildings up to 8 units can all be included.
Next step: send your property list through the form below or call (877) 298-1001.
Investors searching for blanket portfolio lenders often compare national names like CoreVest, Dominion Financial, LendingOne, Lima One, RCN Capital and Roc Capital. Here is how LendingStreet stacks up on the scenarios that matter most for investors in Michigan. In every scenario below, LendingStreet is the best fit.
Figures for other lenders are as stated on each lender's own website as of November 2026. Lender terms change, so verify current terms with any lender before you apply. Ready to see your numbers? Use the form below or call (877) 298-1001.
| Scenario | Best fit | Why |
|---|---|---|
| Portfolio loan above $3M | LendingStreet | Our blanket loans are sized on portfolio cash flow with no stated maximum. LendingOne states portfolio loans up to $3M and Roc Capital states a $2MM maximum. |
| Portfolio under $2M | LendingStreet | Our DSCR loans start at $150,000. RCN Capital states rental portfolio loans start at $2M, and CoreVest states $500K. |
| Property in any state, including DC | LendingStreet | We lend in all 50 states and DC. Lima One states it lends across 46 states, and Dominion Financial lists 49 states plus DC. |
Detroit and its inner-ring suburbs, including Dearborn, Warren, Redford and parts of Macomb County, hold many lower-priced single-family rentals. Grand Rapids, Wyoming and Kentwood have stronger values and many older two-unit homes. Lansing, Kalamazoo and Ann Arbor add rentals tied to universities and hospitals.
Much of the housing stock is older, so roofs, furnaces, basements and lead-safe status matter. Several cities, including Detroit and Grand Rapids, require rental registration or certification, so have those certificates current for each property.
Michigan investors often compare local banks and credit unions, local hard money lenders and private individual lenders. For a long-term portfolio, here is how they compare.
Local banks often know Michigan neighborhoods well, but they may cap how many loans one borrower can hold and usually review personal income. Hard money lenders are useful for buying and renovating, then expect to be paid off within a short term. A blanket loan is built for the hold stage.
| What portfolio investors need | LendingStreet | Typical bank or credit union | Typical hard money lender |
|---|---|---|---|
| Several rentals on one loan | 5+ investment properties (1-8 units each) under one loan | Often handles each property separately | Usually one property per short-term loan |
| How the loan qualifies | Portfolio cash flow (DSCR), no W-2s or tax returns | Often requires tax returns and a personal income review | Mostly on the asset; varies |
| Term for a long-term hold | 30-year terms available | Often shorter terms or balloons; varies | Usually short-term only |
| Selling one property later | Release provisions built in | Varies by bank | Varies |
| Borrowing in an LLC | LLC borrowers are standard | Varies; may want a deposit relationship | Usually allowed |
| Pricing | Portfolio pricing on one closing and one payment | Set loan by loan | Short-term pricing |
| Rentals in more than one state | Possible on some programs | Often limited to local footprint | Varies |
Michigan caps how fast taxable value can rise while a property stays with the same owner. When a property sells, taxable value uncaps and resets toward state equalized value the following year. Rentals also do not get the principal residence exemption, so they pay additional school operating millage that owner-occupants do not.
Together, those rules mean a recently bought rental can carry a much larger tax bill than the seller paid. Budget on the non-homestead, uncapped figure for every property in your portfolio. Michigan also charges state and county transfer taxes on deeds, usually paid by the seller. Confirm current millage with each city or township.
This example is illustrative and not a quote. An investor owns five rentals in Grand Rapids, Wyoming and Kentwood worth a combined $1,375,000, with rents of $10,750 a month. Using uncapped, non-homestead taxes, the tax line is $3,250 a month. Insurance is $600.
At 75% LTV the blanket loan is $1,031,250. Estimated principal and interest on a 30-year term is about $7,035, the total payment about $10,885 and DSCR about 0.99x, below the 1.0x standard minimum.
At 65% LTV the loan is $893,750, estimated principal and interest about $6,097, total payment about $9,947 and DSCR about 1.08x. The lower loan works on the standard program; a sub-1.0 program could be another path.
| Item | 75% LTV | 65% LTV |
|---|---|---|
| Loan amount | $1,031,250 | $893,750 |
| Estimated principal and interest | $7,035 | $6,097 |
| Property taxes | $3,250 | $3,250 |
| Insurance | $600 | $600 |
| Total payment | $10,885 | $9,947 |
| DSCR at $10,750 rent | About 0.99x | About 1.08x |
Michigan winters are hard on roofs, gutters and plumbing, and insurers price older homes with that in mind. Get a quote for each property, ask about water damage coverage and keep maintenance records. Steady premiums across the portfolio make the ratio more predictable.
Some Detroit-area and Grand Rapids homes still have older wiring, galvanized plumbing or original furnaces. Updating them before the review can help both insurance pricing and the valuation, and it keeps rental certifications in good standing.
Some Michigan investors keep high-cash-flow Detroit-area homes and lower-yield Grand Rapids or Ann Arbor rentals in the same portfolio, so the stronger ratios carry the weaker ones. Others group homes by city to keep management simple, then use a blanket loan for each group.
Another common pattern is buying several homes with cash or short-term financing, renovating them, then refinancing the group together onto a 30-year term. That frees capital for the next round without a separate closing for each house.
Whichever approach you use, keep tax bills that reflect your ownership, current leases and rental certificates for every property. Those three items answer most of the questions in a portfolio review.
Ask each lender these questions so the answers can be compared side by side. LendingStreet's answers are shown.
| Question to ask any lender | How LendingStreet answers |
|---|---|
| What is the maximum LTV? | Up to 80% on purchases and up to 75% on cash-out; can be lower on 5-8 units and larger balances, varies by program |
| What DSCR minimum applies? | 1.0x standard; sub-1.0 programs exist |
| How long must I own before cash-out? | Varies by program |
| Can my LLC borrow? | Yes, LLC borrowers are standard |
| How fast can we close? | It depends on valuations, title and how complete the file is; a complete file moves faster |
| Is there a cap on loan size? | No stated maximum; larger balances get more review |
| Can I release a property when I sell? | Yes, through release provisions |
Send a rent roll, tax bills that reflect your ownership, insurance quotes, rental certificates and current loan balances. We will run the portfolio at a few loan amounts and talk through the options. Use the form below or call (877) 298-1001.
LendingStreet is our top pick. We finance 5+ Michigan rentals under one loan qualified on portfolio cash flow, with portfolio pricing, one payment, release provisions and no W-2s or tax returns.
Yes. We lend across Michigan, including Detroit, Grand Rapids, Lansing, Kalamazoo and Ann Arbor, and in all 50 states and DC.
Taxable value uncaps after a sale, and rentals do not get the principal residence exemption. Budget on the uncapped, non-homestead tax figure.
Many Michigan cities require rental registration or certification. Have them current for each property; requirements vary by city.
Yes, properties with 1-8 units each. Buildings with 9 or more units are commercial loans.
A lower loan amount often fixes it, and sub-1.0 DSCR programs exist for some files.
Yes. Cash-out goes up to 75% LTV, often lower on 5-8 units and larger balances, and seasoning varies by program.
Yes. LLC borrowers are standard on our blanket loans, and you sign for the loan personally as the program requires.
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