Loan Scenario:

American Heritage Lending closed a $260,000 DSCR rate-and-term refinance for an experienced investor on a two-unit rental in Dunn, North Carolina. The property appraised at $400,000, keeping the loan at a conservative 65% loan-to-value, and the units produce enough income to carry the debt comfortably at a 1.40 DSCR. Having acquired the asset back in 2022, the borrower used this refinance to swap short-term financing for stable, long-term fixed terms on a 30-year schedule without pulling a dollar of equity out of the deal.

Dunn sits in Harnett County along the I-95 corridor in central North Carolina, within easy reach of Fayetteville, Fort Liberty, and the fast-growing Research Triangle. That location keeps rental demand steady while entry prices stay well below the state’s metro averages, a combination that makes small multifamily assets like this one a reliable buy-and-hold play. For an owner who simply wanted durable cash flow locked in for the long haul, this was exactly the right structure.

Thinking about refinancing a rental of your own? Get prequalified with American Heritage Lending.

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