Portfolio investors with multiple rental properties can bundle 2 to 25 of them into a single blanket loan — one payment, one rate, one maturity date. DSCR qualification on the combined rent roll. Up to $6.25M. No personal income required.
Program at a Glance
Cross collateral DSCR — also called a blanket loan — allows an experienced investment property owner to secure a single mortgage against multiple properties at once. Each property pledged as collateral supports the combined loan. Income qualification uses the aggregate rent roll across all properties. The result is a simplified capital structure: fewer loan servicing relationships, potentially better terms on a larger balance, and the ability to access equity across a portfolio in one transaction.
The portfolio can be as small as two properties or as large as twenty-five. Each property included must have a minimum appraised value of $187,500. The combined loan cannot exceed $6.25M.
Properties 2 25 properties per loan Small Portfolio Consolidation 4 Props Combined Value$1,400,000 Loan at 75% LTV$1,050,000 Gross Monthly Rent$9,200 Use CaseConsolidate 4 existing single DSCR loans Large Portfolio Cash-Out 12 Props Combined Value$5,200,000 Loan at 65% LTV$3,380,000 Gross Monthly Rent$31,000 Cash-OutUp to $1M (700+ FICO) Min $187,500 per property: Every property included in the blanket loan must have a minimum appraised value of $187,500. A property valued below this threshold cannot be included in the portfolio. This keeps the average loan-to-value meaningful and the collateral quality consistent across the portfolio.
LTV is calculated on the combined appraised value of all properties in the portfolio. Cash-out is limited to $1M total across the transaction, and a 700+ FICO is required to access cash-out.
| Purchase / R&T Refi | 80% max LTV on combined portfolio appraised value |
| Cash-Out Refinance | 70% max LTV · Maximum $1M cash-in-hand · 700+ FICO required |
| STR Properties (within portfolio) | 60% max LTV on STR properties · DSCR must be ≥1.25 for STR units |
An investor with a mix of long-term and short-term rental properties can include both in a single blanket loan. STR properties carry a tighter LTV cap and a minimum DSCR threshold.
✓ STRs Eligible Allowed Airbnb, VRBO, and other short-term rental properties can be included in the blanket portfolio alongside long-term rental properties. 📌 STR Max LTV 60% STR properties are capped at 60% LTV within the portfolio - lower than the 80% standard for long-term rentals. Accounts for STR income variability. 📈 STR Min DSCR 1.25× Each STR property must individually show DSCR of at least 1.25. Income documentation: AirDNA or comparable STR market rent analysis.
Both approaches work for investment portfolio financing. The right structure depends on how many properties the investor has, what they plan to do with the portfolio, and whether consolidated servicing or individual property flexibility matters more.
| — | Cross Collateral ▲ | Individual DSCR Loans |
|---|---|---|
| Loan Count | 1 loan for multiple properties | 1 loan per property |
| Max Loan Amount | $6.25M combined | $3.5M per property |
| DSCR Calculation | Combined rent roll across all properties | Per-property rent vs. payment |
| Selling a Single Property | Each loan is independent - sell any time | Requires partial release provision |
| Servicing | One payment, one servicer | Multiple payments and servicers |
| FICO Requirement | 700 min | 640 min (single DSCR) |
| Property Minimum Value | $187,500 per property | No per-property minimum |
| Max Properties | 25 in one loan | No portfolio limit |
| First-Time Investors | Eligible on single DSCR | Not eligible |
| Portfolio Cash-Out | Up to $1M across full portfolio | Up to 80% LTV per property |
Key parameters from the BFF Cross Collateral DSCR Matrix. Download the PDF for complete guidelines before pricing any Cross Collateral DSCR scenario.
| Parameter | Requirement |
|---|---|
| Max Loan | $6,250,000 (combined portfolio) |
| Min Properties | 2 properties |
| Max Properties | 25 properties |
| Min Per-Property Value | $187,500 appraised value per property |
| Max LTV - Purchase/R&T | 80% on combined portfolio appraised value |
| Max LTV - Cash-Out | 70% · Maximum $1M cash-in-hand · 700+ FICO required |
| Max LTV - STR Properties | 60% per STR property · DSCR ≥1.25 required on each STR |
| Min FICO | 700 (all borrowers) |
| Income Qualification | DSCR on combined portfolio rent roll - no personal income required |
| Property Types | 1-4 unit investment properties · Warrantable condos · STRs (at 60% LTV) |
| Occupancy | Investment property only - no primary residence, no second home |
| Borrower Restrictions | Experienced investors only · First-time homebuyers not eligible · Foreign Nationals not eligible |
| Note | Cash-out proceeds are capped at $1M across the entire portfolio refinance transaction, regardless of loan size. Cross collateral structure requires all pledged properties to be in eligible states with valid title and no disqualifying liens. |
Both approaches work for investment portfolio financing. The right structure depends on how many properties the investor has, what they plan to do with the portfolio, and whether consolidated servicing or individual property flexibility matters more.
| Cross Collateral | Individual DSCR Loans | |
|---|---|---|
| Loan Count | 1 loan for multiple properties | 1 loan per property |
| Max Loan Amount | $6.25M combined | $3.5M per property |
| DSCR Calculation | Combined rent roll across all properties | Per-property rent vs. payment |
| Selling a Single Property | Each loan is independent - sell any time | Requires partial release provision |
| Servicing | One payment, one servicer | Multiple payments and servicers |
| FICO Requirement | 700 min | 640 min (single DSCR) |
| Property Minimum Value | $187,500 per property | No per-property minimum |
| Max Properties | 25 in one loan | No portfolio limit |
| First-Time Investors | Eligible on single DSCR | Not eligible |
| Portfolio Cash-Out | Up to $1M across full portfolio | Up to 80% LTV per property |
Investor has 4–10 individual DSCR loans with different rates, servicers, and maturity dates. Rolling them into one blanket loan simplifies the capital structure and potentially improves terms on the larger combined balance.
Investor has significant equity spread across multiple properties but can't easily access it without refinancing each individually. The blanket cash-out refi (up to $1M) releases that equity in one transaction.
A property that barely covers its own debt service individually might qualify easily when its income is pooled with stronger properties in the portfolio. Cross collateral lets the portfolio DSCR carry weaker individual assets.
Investor has both traditional rentals and STR/Airbnb properties. A cross collateral blanket loan accommodates both in a single structure — with the STR properties subject to the 60% LTV and 1.25× DSCR caps.
Sophisticated investors who want a single lender relationship, one servicing contact, and one monthly payment across their portfolio as they continue adding properties and scaling toward the 25-property maximum.
Investor acquiring a package of investment properties from a seller who wants a single closing. A blanket loan finances the whole package simultaneously rather than requiring separate closings and separate loans per property.
A cross collateral DSCR loan — also called a blanket loan — bundles multiple investment properties into a single mortgage. Each property pledged as collateral supports the combined loan. Rather than maintaining separate loans on each property, the investor has one loan, one payment, and one rate across the entire portfolio. DSCR qualification uses the combined rent roll of all included properties, which means stronger properties can support weaker ones in the portfolio calculation.
BFF's Cross Collateral DSCR program allows 2 to 25 investment properties in a single blanket loan. The combined total loan cannot exceed $6,250,000. Each individual property must have a minimum appraised value of $187,500. There is no requirement that all properties be in the same state, but all must be investment properties (1–4 unit or warrantable condos) in eligible states.
Yes, with specific conditions. STR properties (Airbnb, VRBO, vacation rentals) can be included in a cross collateral portfolio. Each STR property must have a DSCR of at least 1.25, and the maximum LTV for STR properties within the portfolio is 60% (vs. 80% for standard long-term rentals). STR income is documented using an AirDNA report or comparable short-term rental market income analysis. An investor can mix standard and STR properties in the same blanket loan.
Selling a property that is cross-collateralized typically requires a partial release — negotiated and documented at origination. The release provision establishes the paydown amount required to remove a specific property from the blanket lien. This needs to be agreed upon and documented before the loan closes. If the investor expects to sell individual properties during the loan term, raise this with your AE at the beginning of the process.
Cash-out on a cross collateral refinance is capped at $1,000,000 total across the entire portfolio transaction, regardless of total loan size. The maximum LTV for cash-out is 70% on the combined portfolio value. A 700+ FICO is required to access any cash-out. So an investor with a $5M portfolio at 65% LTV could access up to $1M in cash-out in a single blanket refinance — releasing equity from the entire portfolio simultaneously.
BFF Cross Collateral DSCR Matrix — Rev. Feb 2026
No first-time buyers. No Foreign Nationals. Borrower must have prior investment property experience.
Weaker individual properties are carried by stronger ones in the combined DSCR calculation. This is the primary reason experienced investors choose cross collateral over individual DSCR loans.
Price it in the Quick Pricer, download the matrix, or call your AE. We Deliver.
