Recently Funded DSCR Loan In Columbus, Ohio.

Loan Scenario:

This DSCR loan supports a cash-out refinance for a detached four-unit property in Columbus, Ohio. Specifically, the property appraised at $415,000, and the experienced investor secured a loan of $311,250. As a result, the loan carries a Loan-to-Value (LTV) of 75%. Notably, the deal posts a DSCR of 1.310, so the rental income covers the debt with room to spare. Because approval rests on the property’s income rather than personal earnings, the borrower accessed equity without tax returns or work documents.

Also, American Heritage Lending set up the loan as a True Zero Point Loan, so the investor pulled cash out with no upfront discount points. Furthermore, the 30-year fixed term locks in a stable payment for the long haul.

Columbus continues to rank among the strongest rental markets in the Midwest. Specifically, the metro pairs steady job growth with tight housing supply, which keeps demand for rental units high. Moreover, four-unit properties serve renters who want quality space at an attainable price point. As a result, well-kept multi-unit assets see quick lease-ups and low vacancy across the metro. Consequently, this refinance places the investor in a strong spot to hold and grow the asset.

Overall, this deal shows how American Heritage Lending helps experienced investors unlock equity in multi-unit rentals. Specifically, the DSCR structure ties approval to property performance, not personal income. As a result, the borrower secured stable, long-term financing while freeing up cash for the next move. Furthermore, the True Zero Point structure kept upfront costs low, so the investor preserved capital across the portfolio.