Recently Funded DSCR Loan In Snowflake, Arizona

Loan Scenario:

This DSCR Cash-Out Refinance features an attached multi-unit rental in Snowflake, Arizona. Notably, the six-unit asset spans 3,347 square feet and dates to 2018. The borrower, a seasoned investor, used the program to unlock equity from a steady rental. Then, the appraisal came in at $1,060,000, and American Heritage Lending funded a $636,000 loan. So, the deal carries a low 60% LTV. Also, the 30-year fixed cash-out gives the investor long-term payment stability.

The DSCR of 1.114 confirms that rental income covers the debt service. Because approval rests on the property’s income, the investor skipped tax returns and pay stubs. Also, the cash-out converts existing equity into working cash.

Snowflake sits in Northern Arizona at roughly 5,600 feet, near the White Mountains. Plus, the area draws families, retirees, and long-term renters seeking a quieter lifestyle. Moreover, rental vacancy in town runs tight, and multi-unit supply stays thin. So, well-kept rentals like this one tend to hold steady occupancy.

Overall, this deal shows how AHL backs seasoned investors with flexible DSCR funding on larger rental assets. The 60% LTV cash-out gives the borrower room to access equity while keeping leverage low. As a result, the borrower walks away with a stable 30-year payment and cash in hand. Last, the multi-unit angle shows AHL’s reach beyond standard single-family rental loans.