Loan Scenario:

A returning Philadelphia investor who already owns a portfolio of rentals approached American Heritage Lending to tap the equity in one of their attached properties. Rather than sell a performing asset, the borrower wanted a cash-out refinance that would free up capital while keeping the property in their long-term hold strategy. Our DSCR loan was the ideal fit, letting us underwrite the deal on the rental income the property generates.

With an appraised value of $249,000, we structured a $151,498 loan at a comfortable 61% loan-to-value on a 30-year term. The standout number here was the debt-service coverage ratio of 1.773 — the rents more than cover the new payment, signaling a well-priced, income-strong asset and a borrower who buys with discipline.

Philadelphia’s rental market rewards exactly this kind of investor. The city’s dense fabric of attached homes offers durable, workforce-priced housing, and steady demand across its many neighborhoods keeps vacancy low for owners who maintain their properties. For a portfolio landlord, each refinance is a chance to recycle equity into the next acquisition without disrupting the cash flow already in place.

American Heritage Lending is proud to support Pennsylvania investors building generational rental wealth one property at a time. If you are ready to put your equity to work, start your financing with us today.

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