Portfolio Loans in Grand Junction

No, and that's one of the cleaner facts in this file. Every door in a Mesa County portfolio, from Grand Junction to Clifton to Fruita to Palisade, sits under one assessor, one two-year revaluation cycle (odd years), one Notice of Value mailing date (by May 1), one protest deadline (June 8), and one County Board of Equalization calendar that concludes by August 5. A five-door blanket loan built entirely inside Mesa County has one tax calendar to underwrite, not five. That changes the moment a portfolio adds a Delta or Montrose door: those are separate counties with their own levies and calendars, which this research did not cover, so treat any Delta or Montrose property as its own tax analysis. Subject to underwriting.

No. Each jurisdiction runs its own short-term rental regime, and that has to be diligenced door by door. The City of Grand Junction caps primary STRs at 3% of residentially zoned lots citywide (7% downtown) and requires an annual $275 license. Fruita hard-caps STRs at 65 total inside a defined downtown triangle, and the permit does not transfer to a buyer at closing. Palisade caps permits at a small fixed number under a 2025 ordinance and has run a waitlist. Unincorporated Mesa County has no numerical cap found in this pass but requires site plan review instead. A portfolio that spans several of these towns gets diligenced parcel by parcel on entitlement, even where the tax side is uniform. Subject to underwriting.

Less, on the Colorado Division of Insurance's own county averages. The average Mesa County homeowners premium is $1,369 a year, versus $3,040 in Denver, so a portfolio built inside the Grand Valley starts from a materially lower baseline line by line. Roughly 26% of that Mesa County premium is hail and 10% is wildfire, the inverse of the Front Range, where hail dominates and wildfire is a smaller slice of a much larger bill. That carries through a multi-door pool: the insurance line on each release property is friendlier here than on the same structure built in Denver or Colorado Springs. Subject to underwriting.

Because the basis spread across this metro is wide enough that one door can carry very different economics from the rest. July 2026 mid-tier values run from $335,887 in Clifton up to $569,743 in Palisade, with Grand Junction itself at $427,763 and Fruita at $487,501. A blanket loan lets you sell the door that's done its job, a Palisade property that's appreciated, or a Clifton door you're trading up from, with that single property released rather than the whole facility unwound. Subject to underwriting.

Five or more properties, and at least $500,000 of loan. Because Clifton is the county's affordability submarket, at a July 2026 mid-tier value of $335,887, five Clifton doors alone come to roughly $1.68 million of value (5 x 335,887 = 1,679,435), well past the loan floor once leverage is applied. A portfolio built at the Palisade end, where mid-tier value runs $569,743, can clear the door count and the dollar minimum on fewer properties still. Either way, the structure is a single blanket loan with one consolidated payment on a custom term. Subject to underwriting.

A portfolio or blanket loan rolls several rental properties into one loan with a single monthly payment, instead of a separate mortgage on each property. It simplifies your financing, frees up capital, and lets you scale a rental portfolio without managing a stack of individual loans.

These structures usually make sense at around five or more properties, though we can look at smaller groups. The portfolio can be a mix of single-family rentals, small multifamily, and other income property.

Yes. Most blanket loans include a release provision, so you can sell an individual property and pay down the loan by that property's allocated amount while the rest stays in place. We set the release terms up front.

We underwrite the combined cash flow and overall leverage of the portfolio, similar to a DSCR loan but across the whole group. Pricing depends on the asset mix, the leverage, and your experience, and loan amounts typically start around $500K.

Usually not. Like our DSCR program, a blanket rental loan qualifies on the portfolio's cash flow rather than your personal income, so tax returns are generally not required. We will want to see the rent roll and operating history.

Yes. A common use of a blanket loan is to consolidate existing mortgages and pull cash out of the combined equity, giving you capital to acquire more property. Cash-out leverage is set against the portfolio's value and cash flow.