Recently Funded DSCR Loan In Concord, North Carolina
Loan Scenario:
For a newer investor who owns both a primary residence and this Concord rental, American Heritage Lending structured a cash-out refinance designed to unlock equity while keeping the property’s monthly obligations manageable. Appraised at $310,000 with a $218,000 loan amount, the deal came together at a measured 70% loan-to-value, giving the borrower access to capital without over-leveraging the asset. Because the property carried a debt-service coverage ratio right at 1.002, we leaned on a 40-year interest-only DSCR loan structure to maximize cash-flow flexibility and keep the numbers working. The freed-up equity gives this investor dry powder to pursue the next opportunity.
Concord anchors Cabarrus County just northeast of Charlotte, home to the Charlotte Motor Speedway and the sprawling Concord Mills retail corridor. As one of the fastest-growing communities in the Charlotte metro, it offers investors a rare blend of steady rental demand, ongoing job growth, and long-term appreciation potential. For an investor scaling their footprint across North Carolina, tapping equity here was a strategic move — and our financing made it happen without disrupting the property’s performance.
Similar Recently Funded Case Studies: DSCR Loan in Fayetteville, NC • DSCR Loan in Charlotte, NC • DSCR Loan in Winston-Salem, NC
Key Deal Points
| Address | Concord, NC |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Newer Investor |
| Property Type | Single Family Detached |
| Appraised Value | $310,000 |
| Loan Amount | $218,000 |
| Loan To Value (LTV) | 70% |
| DSCR | 1.002 |
| Loan Term | 40-Year Interest-Only |
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