Recently Funded DSCR Loan In Casa Grande, AZ

Loan Scenario:

American Heritage Lending recently funded this DSCR loan in Casa Grande, Arizona. This loan for the purchase of a 3 unit rental property in Arizona was structured as a 40-year term, with the first 10 years being interest only. This structure is unique compared to most DSCR loans which offer either a 30-year fixed term, or an interest only period followed by full amortization over the next 20 years. This structure, with the longer term and upfront interest only period allows the borrower to maximize the property’s near-term cashflow with the Debt Service Coverage Ratio clocking in at almost 1.5x. The subject property is a fully rented 4 bed, 3 bath home originally built in 1936 being purchased for $470,000.

Key Deal Points

Address Casa Grande, AZ
Loan Type DSCR Rental Loan
Property Type Multi-Family 3
Purchase Price $470,000
Appraised Value $450,000
Loan Amount $347,625
Loan Term 40 Year Term, 10 Year Interest Only Period
Loan To Value (LTV) 77%
Stacked Points Yes
   
Casa Grande AZ DSCR loan

Additional Images

back of Casa Grande AZ DSCR loan
living room Casa Grande AZ DSCR loan
Kitchen Casa Grande AZ DSCR loan

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