Loan Scenario:

An experienced investor with an established rental portfolio approached American Heritage Lending to tap the equity in a two-unit property in Hartford, Connecticut. The goal was a cash-out refinance that would put working capital back in the borrower’s hands — capital they could redeploy into their next deal — while keeping the long-term financing stable and predictable. As a seasoned operator, the borrower wanted efficiency and certainty of execution, and our team delivered both.

The two-unit property appraised at $425,000, and our DSCR loan supported a $318,750 loan amount at 75% loan-to-value, structured as a true zero-point loan. With a strong debt-service coverage ratio of 1.525, the combined rents from both units covered the new payment with substantial margin to spare, underscoring how well the asset performs. The 30-year fixed term gave the borrower a durable base, and the zero-point structure kept upfront costs to a minimum while still delivering meaningful cash back at closing.

Hartford, Connecticut’s capital, anchors a metro built around insurance, healthcare, and higher education — employment pillars that sustain consistent rental demand across the city. Multifamily properties in particular remain a favorite for local investors, where two-unit and small residential income buildings offer the kind of stacked cash flow that supports a portfolio strategy. With relative affordability compared to the Boston and New York markets nearby, Hartford continues to attract investors looking for durable yield.

If you hold rental property in Connecticut and want to unlock equity through a cash-out refinance, American Heritage Lending can help you structure the right financing for your next move.

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