Loan Scenario:

American Heritage Lending backed an experienced investor with a $210,000 DSCR cash-out refinance on a single-family detached home in Columbus, Ohio, pulling equity out of a stabilized rental to fund the next move. The property appraised at $300,000, so the loan closed at 70% loan-to-value on a 30-Year term, a conservative leverage point that leaves cushion while freeing capital. DSCR is built for exactly this: qualification came from the property’s rental income rather than the borrower’s personal earnings, so the investor tapped equity without tax returns or work papers. The rent covers the note at a 1.114 DSCR, coverage that carries the debt while the borrower redeploys cash into a growing portfolio. For an experienced investor with one property already in hand, that clean equity release is the kind of move a long-term fixed structure is meant to support.

Columbus is Ohio’s capital and its largest city, and its economy is both broad and fast-growing. JPMorgan Chase is the region’s largest private employer, while Nationwide and Huntington anchor a deep financial-services base. Ohio State University — one of the nation’s biggest universities — feeds a constant stream of students, faculty, and medical workers into the rental market. The headline story, though, is Intel’s multibillion-dollar semiconductor campus rising in nearby Licking County, a project drawing suppliers and thousands of construction workers and reshaping housing demand across the metro. Honda’s central-Ohio operations and Battelle add further weight. That mix of government, finance, education, and advanced manufacturing keeps Columbus among the Midwest’s steadiest rental markets, with population and job growth outpacing much of the region and a housing supply that has struggled to keep up.

Overall, this deal shows how American Heritage Lending backs investors with practical DSCR financing. Measured leverage, income-qualified underwriting, and a fixed 30-year payment give the borrower a clean way to unlock equity and keep building in a market anchored by diverse, durable employment.

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