Colorado investors who started with a Denver condo or a Colorado Springs house often end up with five or more rentals along the Front Range. A blanket loan puts them on one payment, but Colorado's changing tax rules and hail-driven insurance need careful pricing.
In short: Yes, LendingStreet finances blanket portfolio loans in Colorado: five or more investment properties, each with 1 to 8 units, under one loan with one closing and one payment, qualified on the portfolio's combined rent instead of your tax returns. Colorado reassesses property every two years and has changed its residential assessment ratio several times recently, Front Range hail drives insurance costs, and Denver requires a license for long-term rentals.
With a blanket loan, five or more rentals (houses, condos, duplexes, fourplexes or small 5 to 8 unit buildings) are financed together under one note. That means one application, one closing, one servicer and one monthly payment, with pricing set for the portfolio.
The underwriter adds up the rent on every property and compares it with the single payment, which includes principal, interest, taxes, insurance and HOA dues. A combined ratio of 1.0x meets the standard minimum, even if one or two properties fall short on their own. The loan qualifies on rent, not personal income, with a 620 minimum credit score and LLC ownership allowed.
Denver-area portfolios cover Aurora, Lakewood, Arvada, Westminster, Thornton, Commerce City and Englewood, along with older Denver neighborhoods such as Montbello, Westwood and Athmar Park. Colorado Springs adds steady demand from Fort Carson, Peterson and Schriever, with rentals in Security-Widefield, Fountain and the city's east side.
Fort Collins and Loveland bring Colorado State University tenants, Greeley offers lower prices, and Pueblo has some of the lowest entry prices on the Front Range. Grand Junction serves the Western Slope. Mountain town properties are usually short-term rentals and come with heavy local regulation.
Counties reassess every two years, and the legislature has adjusted the residential assessment ratio repeatedly since 2022, so tax bills have moved around. Rentals in metropolitan districts in newer suburbs also carry special district taxes that count in the payment. Pull each current bill and ask the title company about any district levies.
Colorado's documentary fee on deeds is small. Insurance is not: the Front Range sees frequent hail, and premiums and roof deductibles have risen, while wildfire exposure affects homes near the foothills. Get quotes that reflect roof age and any wind or hail deductible for every property.
This example is illustrative and not a quote. An investor holds 5 rentals in Denver's suburbs and Colorado Springs with a combined value of $2,145,000 and combined rent of $12,600 a month. Taxes and insurance across the group total about $1,720 a month.
At 65% of combined value, the blanket loan is $1,394,000. Estimated principal and interest on 30-year amortization is about $9,747 a month, so the full payment is about $11,467 and the portfolio DSCR is about 1.10x, above the 1.0x standard minimum.
On its own, the Thornton 3-bed house would come in near 1.04x on its allocated share, but because the loan is underwritten on the whole pool, the stronger properties carry it.
The example uses 65% leverage rather than the program maximum because Colorado values run high relative to rents; actual leverage varies by program and balance.
| Property | Value | Monthly rent | Taxes + insurance | Allocated loan |
|---|---|---|---|---|
| Aurora 3-bed house | $480,000 | $2,700 | $380 | $311,900 |
| Thornton 3-bed house | $505,000 | $2,800 | $400 | $328,200 |
| Colorado Springs 3-bed house | $420,000 | $2,400 | $330 | $273,000 |
| Fountain 4-bed house | $410,000 | $2,400 | $320 | $266,500 |
| Pueblo duplex | $330,000 | $2,300 | $290 | $214,500 |
| Portfolio total | $2,145,000 | $12,600 | $1,720 | $1,394,000 |
Denver requires a residential rental license with an inspection for long-term rentals, and other cities are considering similar programs. Colorado also passed a for-cause eviction law in 2024 that limits non-renewals for many tenancies. Denver allows short-term rentals only in a host's primary residence, and Summit County, Breckenridge and other mountain areas cap or restrict STR licenses, so be cautious about adding STRs to the pool.
Pueblo and Colorado Springs tend to offer better rent-to-price ratios than Denver, while Denver suburbs offer stronger long-term demand. Many investors mix them. Water and sewer tap fees and metro district charges in newer subdivisions are worth checking, because they can add to the monthly carrying cost even though they do not appear in the listing price.
Each property in the loan carries an allocated share of the balance. When you sell one, you pay its release price, which the loan documents set, often at or above the allocated amount, and the lien comes off that address only.
Releases keep a blanket loan flexible, but the remaining pool has to keep supporting the payment. Plan the order of sales so the strongest cash flow properties stay in the loan as long as you need them.
Individual DSCR loans keep every property separate, which is useful for sales, refinances and estate planning. A blanket loan trades some of that flexibility for simplicity: one closing, one payment and portfolio-level qualification.
For many Colorado investors the deciding factor is cash flow. If a few properties would struggle to qualify alone, pooling them can help. If every property qualifies easily, separate loans may cost little in convenience.
Investors who own in Colorado and in Utah, Wyoming, Kansas, Nebraska or New Mexico can sometimes combine everything into one multi-state blanket loan. Programs vary, and each property is closed under its own state's recording rules.
Pull these together before you request a quote, and use the form below when you are ready.
Yes. We finance five or more Colorado rental properties, each with 1 to 8 units, under one loan with one closing and one payment. Our investor loans are business-purpose loans on non-owner-occupied property, starting at $150,000.
Denver requires a residential rental license, with an inspection, for long-term rentals in the city. Have each Denver license ready before closing.
Counties reassess every two years, and the state has changed the residential assessment ratio several times recently. Use the current bill and the latest assessment notice for each property.
Possibly, but many mountain counties and towns cap STR licenses or restrict non-owner STRs. A property only works if its license and zoning support renting.
Yes. Single-family homes, condos, townhomes, 2 to 4 unit properties and 5 to 8 unit buildings can usually be combined, as long as each is a residential rental.
Five or more investment properties, each with 1 to 8 units. Properties with 9 or more units are commercial and are covered on our multifamily pages.
Standard programs look for a combined ratio of 1.0x, meaning total rent covers the single payment including taxes, insurance and HOA dues. Sub-1.0 programs exist for some situations.
No. The loan qualifies on the properties' rent. You need a 620 or higher credit score, reserves and entity documents if the properties are in an LLC.
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