Definition
A single loan secured by multiple properties, often with release provisions for individual parcels.
Example
The blanket mortgage covered eleven rentals with a partial release clause at 115% of allocated value.
Related terms
Frequently asked questions
What does Blanket Mortgage mean in real estate?
A single loan secured by multiple properties, often with release provisions for individual parcels.
How is Blanket Mortgage used in practice?
The blanket mortgage covered eleven rentals with a partial release clause at 115% of allocated value.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.