Loan Scenario:

An experienced investor worked with American Heritage Lending on a rate-and-term refinance of a single-family rental in Albany, New York. The goal was to replace existing financing on a no-cash-out basis and lock in long-term stability on the asset. AHL structured the deal as a DSCR loan, qualifying the investor on the property’s rental performance.

The single-family detached home appraised at $465,000, and the loan amount was set at $302,250. Specifically, that reflects a conservative 65% loan-to-value. The property carried a debt-service coverage ratio of 1.029, and AHL closed the loan on a 30-year term as a True Zero Point Loan. Because the coverage ratio sat just above breakeven, the file was supported by twelve months of reserves and a fresh lease, with the new tenant scheduled to take occupancy in mid-October.

As a result, the investor refinanced into durable, long-term financing while keeping leverage modest — a position that protects cash flow as the rental turns over.

Albany is the New York State capital, and its rental market is anchored by an unusually stable employment base. State government, several large hospitals, and a cluster of universities keep tenant demand consistent year-round, and the metro’s tight inventory has kept well-located single-family rentals in steady demand. For a buy-and-hold investor, that resilience is precisely what makes a long-term DSCR structure attractive here.

Overall, this financing shows how AHL supports rental investors across New York with flexible, cash-flow-based solutions. Investors looking to refinance a rental can explore financing today.

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