Recently Funded DSCR Loan In Melbourne, Florida
Loan Scenario:
An experienced investor who owns the subject property refinanced a single-family rental in Melbourne through an American Heritage Lending DSCR loan structured as a cash-out refinance, unlocking equity built since the 2022 purchase. With the home appraised at $212,000, AHL advanced $148,400 at a measured 70% loan-to-value over a 30-year term, and a debt-service-coverage ratio of 1.115 confirmed the rents covered the new obligation. Qualifying on the asset’s performance allowed the borrower to access capital without tapping personal income documentation.
Melbourne anchors Florida’s Space Coast, where a high-tech aerospace and defense employment base — bolstered by the resurgence of activity around the Kennedy Space Center and Cape Canaveral — has driven steady population and job growth along the Atlantic shoreline. Single-family rentals in the area benefit from this influx of engineers and skilled professionals, supporting the kind of reliable cash flow seen on this file. For investors harvesting equity from appreciated Florida holdings, this cash-out refinance is a strong model, and the financing begins with a quick prequalification.
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Key Deal Points
| Address | Melbourne, FL |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Experienced Investor |
| Property Type | Single Family Detached |
| Appraised Value | $212,000 |
| Loan Amount | $148,400 |
| Loan To Value (LTV) | 70% |
| DSCR | 1.115 |
| Loan Term | 30-Year |
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