Blanket Loans

A blanket loan is one where there is just one promissory note but the note is secured by several different mortgages on several different non-contiguous parcels. If the parcels were contiguous (touching), it is customary for the lender to use just one mortgage and to include each of the contiguous parcels in the legal description of the property.

Document Requirements

The Executive Summary should be no more than 5 pages and must include the following:

1. Background of the Business

2. Background of the Industry

3. Background of the Management Team 

4. Management Strategy

5. Marketing Strategy

6. Exit Strategy

7. Amount Requested

8. Source and Use of Funds

9. Budget

10.Five Year Financial Projections

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