Industrial Loan

Blanket Loan Real Estate Blanket Mortgage, Bridge Loan, commercial real estate. – Blanket loans are typically used to finance residential rental properties and real estate developments such as subdivisions. The financial and collateral underwriting is similar to the traditional mortgage. Real estate lenders focus on the ability to pay, the willingness to pay, and the value of the collateral.

The net charge-off rate for those loans fell 44 basis points to 4.64%. Total commercial lending, which includes commercial real estate and commercial and industrial loans, rose 9% to $70.3 billion.

Industrial banks were also known as industrial loan coporations (ILCs) in Utah until 2004 when state law was amended to rename this class of institution to better reflect their legal status as fully fledged fdic insured depository institutions. Outside of Utah, industrial banks are often still referred to as ILCs.

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