Recently Funded DSCR Loan In Rockford, Illinois
Loan Scenario:
After completing a renovation financed by American Heritage Lending, an experienced investor came back to us to refinance the stabilized asset and pay off the original loan, and we delivered a DSCR loan that carried the property into long-term ownership. The single-family home appraised at $285,000, and our team funded a $199,500 cash-out refinance at a conservative 70% loan-to-value. With a debt-service coverage ratio of 1.245, the rental income comfortably supported the new financing on a 30-year term.
Rockford anchors northern Illinois along the Rock River, a market where affordable acquisition costs and steady rental demand from a diversified aerospace and manufacturing workforce give landlords dependable cash flow. It is exactly the kind of secondary market where a well-executed rehab-to-rental strategy pays off. Refinancing out of a short-term construction or bridge position into a permanent DSCR loan is a smart way to lock in a stabilized asset without a personal income qualification.
If you have finished a project and want to hold it as a rental, AHL makes the transition to permanent financing simple across Illinois.
Similar Recently Funded Case Studies: DSCR Loan in Indiantown, FL • DSCR Loan in Warner Robins, GA • DSCR Loan in Memphis, TN
Key Deal Points
| Address | Rockford, IL |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Experienced Investor |
| Property Type | Single Family Detached |
| Appraised Value | $285,000 |
| Loan Amount | $199,500 |
| Loan To Value (LTV) | 70% |
| DSCR | 1.245 |
| Loan Term | 30-Year |
Additional Images
