Loan Scenario:

A newer real estate investor came to American Heritage Lending holding a garden-style condominium in Miami that had quietly built up meaningful equity, and the goal was simple: unlock that trapped capital without disturbing a well-performing rental. Because the borrower was earlier in their investing journey and wanted qualification driven by the property rather than personal income, a DSCR loan was the natural fit. The subject appraised at $285,000, and we structured a cash-out refinance at a conservative 70% loan-to-value for a loan amount of $199,500 on a 30-year term.

What made this file straightforward was the strength of the rental itself. With a debt-service coverage ratio of 1.605, the property’s income comfortably outpaced its new obligations, giving the borrower room to breathe and a clear runway to reinvest the proceeds into their next opportunity. We closed it as a True Zero Point loan, keeping upfront costs lean so more of the borrower’s equity stayed working for them.

Miami remains one of the most dynamic rental markets in Florida, where steady in-migration, a limited supply of well-located condos, and strong tenant demand continue to support durable cash flow for investors. Garden-style condominiums in particular appeal to renters who want low-maintenance living close to the city’s employment and lifestyle hubs, which helps keep occupancy high and vacancy risk low. For a newer investor, that combination of a resilient market and a property that cash-flows on its own is exactly the foundation to build a portfolio on. If you’re weighing a similar move, our team can walk you through financing tailored to your goals.

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