Recently Funded DSCR Loan In Saint Joseph, Michigan
Loan Scenario:
An experienced investor holding four rentals pulled equity from a two-unit property in Saint Joseph, Michigan, with a DSCR cash-out refinance. The loan was underwritten to the building’s rental income, and AHL closed it as a True Zero Point structure with no origination points. The property appraised at $300,000, and the borrower drew $195,000 at a conservative 65% loan-to-value on a 30-year term. A robust debt-service-coverage ratio of 1.541 confirmed the two units generated well more than enough to cover the payment.
Saint Joseph is a Lake Michigan resort community in Berrien County, prized for its beaches, walkable downtown, and steady mix of year-round and seasonal demand. Small multifamily in a lakeside market like this tends to hold value and stay occupied, giving landlords dependable cash flow.
The low LTV and zero-point structure kept costs down while still returning meaningful capital to the investor. Portfolio landlords can explore a DSCR loan in Michigan or begin financing a refinance.
Similar Recently Funded Case Studies: DSCR Loan in Battle Creek, MI • DSCR Loan in Otsego, MI • DSCR Loan in Milwaukee, WI
Key Deal Points
| Address | Saint Joseph, MI |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Experienced Investor |
| Property Type | 2 Units |
| Appraised Value | $300,000 |
| Loan Amount | $195,000 |
| Loan To Value (LTV) | 65% |
| DSCR | 1.541 |
| Loan Term | 30-Year |
| Loan Structure | True Zero Point Loan |
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