Recently Funded DSCR Loan In Oswego, New York

Loan Scenario:

American Heritage Lending funded a $101,625 DSCR cash-out refinance on a single-family detached rental in Oswego, New York, for a seasoned investor whose portfolio spans nine investment properties. On a $135,500 appraised value the loan came in at 75% loan-to-value over a 30-Year term, converting equity into capital for a proven operator to keep building.

This DSCR loan qualified on the property’s rental income rather than the borrower’s personal income, and with a healthy 1.735 debt-service coverage ratio the rent comfortably clears the new payment. For an investor running a portfolio of this size, a cash-out refinance is a capital-recycling engine: pull equity from a stabilized asset and redeploy it into the next acquisition, all without personal income documentation slowing the process down.

Oswego is a Lake Ontario port city with a distinctive economic mix. SUNY Oswego brings a large student population that fuels rental demand year-round, while the surrounding area leans on manufacturing and significant energy-sector employment from the nearby power-generation facilities and the working Port of Oswego. The lakefront setting, historic Fort Ontario, and four-season recreation draw visitors and residents alike, and housing costs stay modest compared with downstate New York markets. That blend of student, industrial, and energy demand keeps rentals occupied.

A nine-property investor recycling equity in a steady college-and-industry town is a textbook DSCR win. AHL closed it cleanly.

Similar Recently Funded Case Studies: DSCR Loan in Pulaski, NY  •  DSCR Loan in Volney, NY  •  DSCR Loan in Rochester, NY

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