Recently Funded DSCR Loan In Collingswood, New Jersey
Loan Scenario:
American Heritage Lending backed an experienced investor with a $312,000 DSCR cash-out refinance on a single-family detached home in Collingswood, New Jersey, pulling equity out of a stabilized rental. The property appraised at $520,000, so the loan closed at 60% loan-to-value on a 30-Year term, a conservative leverage point that keeps a substantial equity cushion. Qualification came from the property’s rental income rather than the borrower’s personal earnings, and the rent covers the note at a 1.411 DSCR.
That is strong coverage, and it lets an investor who already holds ten DSCR properties recycle capital without tax returns or work papers. DSCR is built for this: the underwriting rests on the asset, so a seasoned portfolio builder can free up funds for the next deal while keeping this one in place. A 30-year fixed structure gives the borrower a predictable payment across a long hold, and with 40% equity retained the refinance stays conservative for a portfolio of this size.
Collingswood sits in Camden County just across the Delaware River from Philadelphia, and its appeal is anchored by the PATCO Speedline, which carries commuters into Center City in minutes. The borough is known for one of South Jersey’s most walkable downtowns, a restaurant-lined stretch of Haddon Avenue, a popular weekend farmers market, and a well-regarded arts scene. That commuter access plus small-town walkability draws renters who want Philadelphia jobs without city housing costs. Additionally, tight housing supply in these established PATCO towns keeps single-family rentals in short order and steady demand. That combination of transit convenience and a desirable, walkable core keeps Collingswood rentals occupied.
Overall, this deal shows how American Heritage Lending backs investors with practical DSCR financing. Measured leverage, income-qualified underwriting, and a fixed payment give the borrower a clean way to unlock equity and keep growing a portfolio in a transit-friendly suburb.
Similar Recently Funded Case Studies: DSCR Loan in Phillipsburg, NJ • DSCR Loan in Gainesville, FL • DSCR Loan in Lake George, NY
Key Deal Points
| Address | Collingswood, NJ |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Experienced Investor |
| Property Type | Single Family Detached |
| Appraised Value | $520,000 |
| Loan Amount | $312,000 |
| Loan To Value (LTV) | 60% |
| DSCR | 1.411 |
| Loan Term | 30-Year |
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