Loan Scenario:

American Heritage Lending backed an experienced investor with a $266,000 DSCR cash-out refinance on a two-unit property in Parlier, California, pulling equity out of a stabilized rental in the San Joaquin Valley. The property appraised at $380,000, so the loan closed at 70% loan-to-value on a 30-Year term, holding leverage conservative while freeing up capital. It also closed as a True Zero Point Loan, so the borrower paid no origination points. Qualification came from the property’s rental income rather than the borrower’s personal earnings, letting an investor already holding several doors tap equity without tax returns or work papers. The combined rent covers the note at a 1.249 DSCR, comfortable coverage on a two-unit hold. A fixed 30-year payment keeps carrying costs predictable, and for an investor already managing several doors, the coverage-based qualification keeps the refinance straightforward.

Parlier sits in Fresno County in the heart of California’s San Joaquin Valley, one of the most productive agricultural regions in the world. The local economy runs on farming — table grapes, tree fruit, raisins, and the packing and labor that surround them — and the University of California’s Kearney Agricultural Research and Extension Center, the largest of the UC system’s research and extension centers, operates just outside town. That agricultural base supports a steady population of farmworkers and packing-house employees who need affordable rental housing, and two-unit properties fit that demand well by housing multiple households on a single parcel. Home prices here sit far below Fresno proper and the coastal metros, keeping the area attractive to renters priced out of larger California markets and helping occupancy stay firm.

Overall, this deal shows how American Heritage Lending backs investors with practical DSCR financing. Conservative leverage, income-qualified underwriting, zero points, and a fixed payment give the borrower cash to redeploy while keeping a well-occupied two-unit rental working in a durable agricultural market.

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