Do you fund portfolio rental loans in Las Cruces, New Mexico?+
Yes. We wrap 5+ Las Cruces investment properties into a single blanket DSCR mortgage — one 30-year note, one payment, one servicer, closed in your LLC.
How many Las Cruces doors do I need for a blanket?+
Minimum 5 doors. Program sweet spot in Las Cruces is 8–30 doors across SFR and 2–4 unit stock. Larger Las Cruces portfolios (50+) route to agency small-balance multi programs.
What credit score do I need for a Las Cruces portfolio loan?+
680 minimum for the primary guarantor. 720+ unlocks best pricing on Las Cruces deals. Co-guarantors can be added to strengthen a file.
Do you pull personal tax returns for Las Cruces blanket loans?+
No. Las Cruces portfolio DSCR loans are underwritten to aggregate rent minus PITIA — no personal DTI, no W2s, no tax returns.
What's the max LTV on a Las Cruces portfolio loan?+
Up to 80% blended LTV on purchase and 75% on cash-out refi, applied against aggregate as-is value across the Las Cruces portfolio.
Can I sell one Las Cruces property inside the blanket?+
Yes — the release provision lets you sell an individual Las Cruces door by paying off its allocated loan amount plus a release premium (typically 105–115%). The rest of the Las Cruces portfolio keeps running.
What reserves does a Las Cruces blanket require?+
Typically 3–6 months of aggregate PITIA, verified from a business bank statement at underwriting. Lease-up-heavy Las Cruces portfolios may require more.
How long does a Las Cruces portfolio consolidation take?+
Most Las Cruces portfolio consolidations close in 30–45 business days. Same-lender BRRRR rollups can move faster with reused appraisals.
How is aggregate DSCR calculated for a Las Cruces portfolio?+
Total effective monthly rent across every Las Cruces property (rent minus vacancy) divided by total PITIA. We target 1.10x+ aggregate; sub-1.0x is available with LTV overlay or IO structure.
Are Las Cruces portfolio blanket loans business-purpose only?+
Yes. Every Las Cruces blanket we originate is business-purpose non-owner-occupied investment debt closed in an LLC, LP, or corporate entity — exempt from consumer disclosure requirements.
Can I add new Las Cruces doors to an existing blanket?+
Not typically. Blankets are closed pools. To add new Las Cruces doors, we refinance into a larger blanket at reset, or fund the new acquisition on a separate DSCR and consolidate at maturity.
What property types qualify for a Las Cruces blanket?+
SFR, 2–4 unit residential, 5–10 unit small multifamily, and select mixed-use in Las Cruces. Owner-occupied units are excluded from the pool.
What are typical prepayment terms on Las Cruces portfolio loans?+
Step-down 3-5-3-2-1 is typical on Las Cruces blankets. Longer step-downs unlock lower rates. Yield-maintenance structures available on larger loans.
Is a Las Cruces blanket loan recourse or non-recourse?+
Generally non-recourse with standard bad-boy carve-outs (fraud, waste, unauthorized transfer). Personal assets outside the Las Cruces portfolio are shielded absent carve-out triggers.
What documents do you need to price a Las Cruces blanket?+
Rent roll, schedule of real estate owned (REO), current lien payoffs, entity docs, credit authorization, insurance schedule across all Las Cruces properties, and 2 months of business bank statements for reserves.
