Recently Funded DSCR Loan In Tampa, Florida

Loan Scenario:

This DSCR purchase loan covers a detached single-family home in Tampa, Florida. The borrower, a newer investor, paid $490,000 for the property. American Heritage Lending funded $392,000 of the purchase. Specifically, the loan carries a Loan-to-Value (LTV) of 77.62%, based on an appraised value of $505,000. Also, the loan is a 30-year fixed-rate product. Therefore, approval ties to the property’s rental income rather than personal income documents.

The property carries a DSCR of 1.007, placing it near program minimums. Notably, this tight ratio reflects a close match between income and debt. As a result, the borrower qualified using the property’s cash flow alone. Therefore, a newer investor with a limited track record secured long-term, fixed-rate capital. Furthermore, the 30-year fixed term locks in a set monthly payment for the life of the loan.

Tampa continues to attract new residents at a strong pace. Specifically, Hillsborough County projects steady growth through the end of the decade. Also, single-family rentals have held up well as the supply of homes for rent stays tight. So, well-placed single-family assets suit long-term holds in this area. Moreover, Tampa’s job market and ongoing growth make it a solid base for rental income plans.

Overall, this deal shows how American Heritage Lending supports investors at all levels of the rental market. Specifically, the DSCR program allows approval based on the property’s income alone. As a result, this borrower accessed stable, long-term financing based on the asset alone. Furthermore, AHL’s willingness to fund near-threshold DSCR ratios gives more investors a clear path to rental capital.