Loan Scenario:

An investor who owns a primary residence and several rentals came to American Heritage Lending to pull equity out of a Chicago three-flat, and our team delivered a DSCR loan that qualified on the building’s rental income rather than personal tax returns. The three-unit property appraised at $580,000, and AHL funded a $435,000 cash-out refinance at a conservative 75% loan-to-value on a 30-year term. With a debt-service coverage ratio of 1.238, the combined rents from all three units comfortably supported the new debt.

Multi-unit properties are the backbone of Chicago’s rental market, where dense, transit-rich neighborhoods and a deep pool of renters keep two-to-four-unit buildings in steady demand. A well-located three-flat delivers the kind of stacked cash flow that makes DSCR financing especially powerful, and pulling tax-efficient equity out lets an investor redeploy capital into the next deal. For a growing landlord, that is how a portfolio compounds.

If you own a multi-unit rental and want to access its equity, AHL makes DSCR financing straightforward across Illinois.

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