Loan Scenario:

American Heritage Lending backed a newer investor with a $166,650 DSCR cash-out refinance on a single-family detached home in Lindenwold, New Jersey, converting built-up equity into working capital on a buy-and-hold rental. The property appraised at $267,000, so the loan closed at 62.42% loan-to-value on a 30-year term, a conservative position that leaves a substantial equity cushion in place. DSCR is built for exactly this kind of move: qualification came from the property’s rental income rather than the borrower’s personal earnings, so there were no tax returns or work papers to compile. The rent covers the note at a 1.201 DSCR, coverage that carries the debt while a newer investor takes cash off the table. A fixed long-term structure keeps the payment predictable on a property meant to be held for the long run.

Lindenwold sits in Camden County in South Jersey and is best known as the eastern terminus of the PATCO Speedline, the rapid-transit rail line that runs directly into Center City Philadelphia. That single-seat commute is the town’s defining draw: the Lindenwold station’s large park-and-ride lets renters live in far more affordable South Jersey and still reach jobs across the river in Philadelphia in under half an hour. The town consistently ranks among the region’s more affordable commuter communities, which keeps a steady stream of tenants who want rail access without paying Philadelphia rents. Lindenwold is also served by NJ Transit’s Atlantic City Line, giving residents a second rail link toward the shore and broadening the town’s appeal to renters. That mix of transit connectivity and value pricing keeps single-family rentals here in dependable demand.

Overall, this deal shows how American Heritage Lending backs investors with practical DSCR financing. A conservative loan-to-value, coverage-qualified underwriting, and a fixed 30-year payment let the borrower unlock equity while holding a well-located rental in a proven commuter market.

Similar Recently Funded Case Studies: DSCR Loan in Phillipsburg, NJ  •  DSCR Loan in Gainesville, FL  •  DSCR Loan in Lake George, NY

Additional Images