Loan Scenario:

An experienced investor identified a single-family rental in Newington and partnered with American Heritage Lending to acquire it on a DSCR loan, qualifying on the property’s rental income rather than personal documentation. With a strong FICO of 768 and the deal underwritten at a 1.008 debt-service coverage ratio, the property covered its own obligations while the borrower stepped in at 80% loan-to-value. American Heritage Lending funded $371,200 against a $480,000 appraised value.

Newington is a well-established suburb just south of Hartford in central Connecticut, positioned along the Berlin Turnpike retail corridor and served by the CTfastrak busway that links residents into the capital region’s employment centers. That combination of stable suburban housing stock and easy access to Hartford’s insurance and healthcare economy makes single-family rentals here a resilient hold with dependable tenant demand.

We placed the loan on a 40-year interest-only term to maximize monthly cash flow and give the investor flexibility as they manage the property. For a seasoned landlord expanding in a mature Northeast market, the right financing structure turned a tightly underwritten deal into a smooth close.

Similar Recently Funded Case Studies: DSCR Loan in West Haven, CT  •  DSCR Loan in Cleveland, OH  •  DSCR Loan in Meriden, CT

Additional Images