Recently Funded DSCR Loan In Cortland, NY

Loan Scenario:

This DSCR loan covers the purchase of a detached two-unit property in Cortland, New York. Specifically, the borrower acquired the property for $124,000, with an appraised value of $145,000. American Heritage Lending provided $93,000 in funding, resulting in a Loan-to-Value (LTV) of 64.14%. Notably, the property carries a DSCR of 1.944, meaning rental income nearly doubles the debt obligation. As a result, the borrower secured a 30-year fixed-rate loan without needing tax returns or income documents.

The borrower, a first-time investor, used the DSCR program to enter the rental market. Because approval depends on property income rather than personal earnings, this structure gave a new investor access to long-term stable funding. Furthermore, the strong DSCR confirms the property generates well above the income needed to support the loan. Therefore, this deal shows how the DSCR program can serve as an entry point for investors building their first rental portfolio.

Cortland continues to benefit from steady rental demand, driven largely by SUNY Cortland and the surrounding college community. Moreover, the area offers affordable entry points for investors compared to larger New York metros. Consequently, multi-unit properties in this market remain well placed for consistent occupancy and stable income.

Overall, this deal shows how American Heritage Lending supports first-time investors through DSCR-based funding. Specifically, by qualifying the loan on property income alone, AHL gave a new investor access to a 30-year fixed-rate loan on a cash-flowing two-unit property. As a result, the borrower entered the rental market with a clear path to long-term portfolio growth.