Recently Funded DSCR Loan In Meriden, Connecticut
Loan Scenario:
An experienced investor holding a three-unit property in Meriden, Connecticut approached American Heritage Lending to tap accumulated equity while keeping the income-producing asset in place. With three units generating robust combined rents, the deal carried an exceptionally strong 1.714 debt-service coverage ratio, allowing us to deliver a DSCR loan at 75% loan-to-value against the $385,000 appraised value for $288,750 in cash-out proceeds. The 30-year term qualified entirely on property cash flow, giving the borrower liquidity without touching personal income documentation.
Meriden sits midway between Hartford and New Haven along the I-91 corridor in central Connecticut, a historically industrial city whose dense multi-family housing stock and commuter access support consistent rental demand. Small multi-family properties here remain a favorite among cash-flow investors for their strong rent-to-price ratios and steady tenant pools.
With deep coverage and meaningful cash out, this investor added dry powder for the next deal. Explore Connecticut rental strategies and begin your financing with American Heritage Lending.
Similar Recently Funded Case Studies: DSCR Loan in Hartford, CT • DSCR Loan in Stockton, CA • DSCR Loan in Brookhaven, PA
Key Deal Points
| Address | Meriden, CT |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Experienced Investor |
| Property Type | 3 Units |
| Appraised Value | $385,000 |
| Loan Amount | $288,750 |
| Loan To Value (LTV) | 75% |
| DSCR | 1.714 |
| Loan Term | 30-Year |
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