Recently Funded DSCR Loan In Detroit, Michigan

Loan Scenario:

A newer investor turned to American Heritage Lending to pull equity from a two-unit rental property in Detroit through a cash-out refinance. With the property appraised at $250,000 and a $187,500 loan amount, the deal was structured at 75% loan-to-value on a strong 1.364 debt-service coverage ratio — a healthy margin that reflected the duplex’s solid rental income. We delivered a 30-year DSCR loan as a True Zero Point facility, qualifying on the property’s cash flow and keeping upfront costs to a minimum so the borrower could put the freed-up capital straight to work. It’s a clean, well-supported deal that gives a growing investor room to expand.

Detroit continues to attract investor attention for its combination of affordable acquisition prices and some of the strongest rental yields in the country. Multi-unit properties in particular have become a cornerstone strategy here, offering diversified income under a single roof in neighborhoods steadily benefiting from the city’s ongoing revitalization. For a newer investor establishing a foothold in Michigan, this two-unit cash-out was a smart way to scale — and our financing made accessing that equity simple.

Similar Recently Funded Case Studies: DSCR Loan in Roseville, MI  •  DSCR Loan in Lansing, MI  •  DSCR Loan in Memphis, TN

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