An investor wanted to consolidate 55 single-family rentals into one blanket loan. Single-source lenders called it "too complex." Here's how it was structured across two specialty sources and closed in 14 days.
An investor (initials C.E.) had built a portfolio of 55 single-family rentals across several submarkets in Alabama and wanted to consolidate dozens of separate loans into a single blanket portfolio loan totaling roughly $3.4M. In aggregate it was a clean deal: a 72% loan-to-value, a portfolio cash-flowing at about 1.18 DSCR, and a sophisticated owner.
But every direct lender the investor approached evaluated it through a single underwriting box, and each box had a different reason to balk: one needed all properties in the same metro area, another capped portfolio loans well below $3.4M, a third wouldn't cross multiple submarkets without a higher DSCR. None of those positions were wrong — they were just the limits of a single lender.
Rather than force the entire portfolio into one lender that didn't want all of it, the deal was split across two specialty portfolio sources in the network:
Both lenders priced well precisely because each received a clean, focused slice that matched their appetite, rather than being asked to stretch outside their box for the whole thing.
The full $3.4M consolidated at a competitive blended rate across 55 properties, closing in 14 days from the initial structuring conversation to wire. The investor went from dozens of individual loans to a streamlined two-loan structure, cash-flow positive from day one.
A blanket loan finances multiple properties under a single loan, secured by all of them. It lets investors consolidate many individual mortgages into one structure. LendingStreet places blanket loans for 5+ properties up to $5M+ with no hard cap.
There's no strict upper limit through LendingStreet's network — this case study consolidated 55 properties. The practical constraints are aggregate LTV, portfolio DSCR, and matching the deal to lenders comfortable at that scale and geography.
Each specialty source had a different geographic and size appetite. Splitting the 55 properties so each lender received a focused slice that fit its box produced better aggregate pricing than forcing one lender to stretch for the whole portfolio.
Yes — this $3.4M, 55-property deal closed in 14 days. Speed on portfolio deals comes from matching the structure to lenders who actively want that profile, rather than negotiating a reluctant single lender into taking everything.
Blanket portfolio loans for 5+ properties, placed across specialty sources with no hard cap. See your consolidation options.
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