Recently Funded DSCR Loan In Shaker Heights, Ohio
Loan Scenario:
American Heritage Lending funded a $177,750 DSCR loan for an experienced investor refinancing a single-family rental in Shaker Heights, Ohio. The property appraised at $237,000, placing the cash-out refinance at 75% loan-to-value with a 1.027 debt-service coverage ratio on a 30-year term. The rental covers its own debt, so the investor was able to free up equity from a property purchased just over a year earlier and keep the portfolio working.
Shaker Heights is one of Cleveland’s historic streetcar suburbs, known for its architecture and a rapid-transit line straight into downtown — characteristics that keep quality tenants and stable rents in a mature, east-side market. That durability suits a buy-and-hold strategy. It is a textbook use of AHL’s Ohio DSCR program; prequalify for financing to put your equity back to work.
Similar Recently Funded Case Studies: DSCR Loan in Solon, OH • DSCR Loan in Winthrop, MA • DSCR Loan in Melbourne, FL
Key Deal Points
| Address | Shaker Heights, OH |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Experienced Investor |
| Property Type | Single Family Detached |
| Appraised Value | $237,000 |
| Loan Amount | $177,750 |
| Loan To Value (LTV) | 75% |
| DSCR | 1.027 |
| Loan Term | 30-Year |
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