Blanket Loan Real Estate A blanket mortgage is a type of mortgage that finances more than one piece of real estate. Similar to a conventional mortgage, the real estate acts as collateral under the loan, and depending on the terms, the individual pieces of real estate may be sold without retiring the entire mortgage. How blanket mortgage loans benefit real estate investors.Commercial Finance Definition Mortgage On One million dollar house million-dollar house is the new normal in one Seattle neighborhood – Queen Anne is the first large Seattle neighborhood with a median price above $1 million, as home prices across the region continue to climb. The Eastside set a record. Zillow Porchlight . Zillow Porchlight . Celebrity Real Estate..