Recently Funded DSCR Loan In Princeton, New Jersey
Loan Scenario:
An investor approached American Heritage Lending to pull equity from a Princeton single-family rental through a cash-out refinance, using our income-qualified DSCR loan that looks to the property’s rent rather than personal tax returns. On a $590,000 appraised value with rental income supporting a 1.139 coverage ratio, AHL delivered a $442,500 loan at 75% loan-to-value, structured on a 40-year interest-only term to maximize monthly cash flow.
Princeton anchors one of New Jersey‘s strongest rental economies, home to Princeton University and a dense corridor of pharmaceutical and research employers along the Route 1 corridor, including Bristol Myers Squibb and Novo Nordisk. With NJ Transit service linking residents to both New York and Philadelphia and a persistent shortage of housing, tenant demand for quality single-family homes stays high — a durable backdrop for a buy-and-hold rental and a well-supported refinance.
Similar Recently Funded Case Studies: DSCR Loan in Phillipsburg, NJ • DSCR Loan in Memphis, TN • DSCR Loan in Milwaukee, WI
Key Deal Points
| Address | Princeton, NJ |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Experienced Investor |
| Property Type | Single Family Detached |
| Appraised Value | $590,000 |
| Loan Amount | $442,500 |
| Loan To Value (LTV) | 75% |
| DSCR | 1.139 |
| Loan Term | 40-Year Interest-Only |
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