Recently Funded DSCR Loan In Newark, New Jersey

Loan Scenario:

American Heritage Lending recently closed a $740,000 DSCR purchase loan for an experienced investor acquiring a three-unit multifamily property in Newark, New Jersey. The building appraised at $925,000, and with the loan set at 80% loan-to-value on a 30-Year term, it cleared underwriting on a 1.092 DSCR. Our DSCR program qualified the borrower on the combined rent from all three units rather than personal income, a fitting structure for an operator who already holds a portfolio of investment properties.

The play is a cash-flowing buy-and-hold. Three income streams under one roof spread vacancy risk and produce rent that covers the new debt service, letting the borrower add scale in a dense rental market while preserving personal borrowing capacity for the next deal. For a portfolio investor, multifamily like this is an efficient way to stack doors.

Newark is New Jersey’s largest city and one of the Northeast’s great transit hubs, anchored by Newark Liberty International Airport, the sprawling Port Newark, and a downtown home to major corporate employers. NJIT and Rutgers-Newark bring a steady student and faculty population, while quick PATH and rail access to Manhattan makes the city a relief valve for renters priced out of New York. That proximity, combined with rents well below the city across the river, keeps demand for multifamily housing consistently strong and vacancies short. It is a deep, resilient rental market.

A seasoned investor, three income-producing units, and a transit-rich market, exactly the Newark multifamily deal AHL is built to fund.

Similar Recently Funded Case Studies: DSCR Loan in Jersey City, NJ  •  DSCR Loan in Ogdensburg, NJ  •  DSCR Loan in Spring, TX

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