No Income Florida Cross-Collateral Loans for Multi-Property Investors
Use multiple properties to secure a single loan or portfolio of loans
DSCR Cross Collateral Loans for Multi-Property Investors
About program
Our Florida cross-collateral mortgage lenders allow Florida borrowers to pledge multiple properties as collateral for one mortgage. This approach helps leverage equity across various Florida real estate assets to secure better financing terms or higher loan amounts. It’s a popular strategy for investors looking to consolidate debt, purchase new properties, or restructure existing loans.
Key features- No deposit sourcing
- Min DSCR of 1.2
- No tradeline requirement w/ 3 credit scores
- Unlimited cash-in-hand
- Minimum per property balance $50k
- Minimum of 3 properties
- Maximum of 25 properties
- Cash-out up to 65% LTV
Required to Disclose
Credit report (cannot be older than 60 days) – must be merged into the LOS.
Borrowers’ ID (passport or driver’s license).
Purchase contract (if applicable)
Complete loan application (including income & employment) Required to Underwrite (in addition to above)
Copy of all lease agreement(s) (if applicable)
Florida Cross-Collateral Loans for Multi-Property Investors
Can the borrower release properties from the cross-collateral arrangement later? Yes, with a cross-collateral mortgage, a partial release clause allows the sale of portions of the secured property and corresponding partial repayment of the loan.
Is there a maximum number of properties that can be included? We will go up to 25 properties per loan.
Do all properties have to be in the same state? Yes, all properties must be in the same state.
