Loan Scenario:

American Heritage Lending backed an experienced investor with a $147,000 DSCR cash-out refinance on a garden-style condominium in Ashland City, Tennessee, freeing up equity from a stabilized rental without disturbing the hold. The property appraised at $210,000, so the loan closed at 70% loan-to-value on a 30-year term, leaving a comfortable equity cushion in place. Qualification came from the property’s rental income rather than the borrower’s personal earnings, and the rent covers the note at a 1.35 DSCR. That is healthy coverage, and it lets an investor already holding a small portfolio pull cash out to redeploy elsewhere without tax returns or work papers. AHL wrote it as a True Zero Point Loan, keeping the cost of the transaction low. For a buy-and-hold investor, the garden-style condo keeps upkeep predictable, and the fixed 30-year structure locks the payment in for the life of the hold.

Ashland City sits on the Cumberland River as the seat of Cheatham County, roughly half an hour northwest of downtown Nashville. Its economy is anchored by A.O. Smith, which runs one of the world’s largest water heater manufacturing plants in town and employs a substantial local workforce. That industrial base, paired with an easy commute into the booming Nashville metro, keeps housing in steady demand from both plant workers and commuters priced out of the city. Cheatham County has been one of Middle Tennessee’s quieter growth stories, adding residents as the Nashville region expands outward along the river corridor. Notably, home and rental costs sit well below Nashville’s, which keeps Ashland City attractive to renters who want Middle Tennessee access without metro pricing. 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 cash in hand and a clean path to keep holding a well-located rental in a market anchored by industry.

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