Recently Funded DSCR Loan In Euclid, Ohio
Loan Scenario:
An experienced investor who already owns a handful of rentals came to American Heritage Lending to pull equity from a single-family property in Euclid, and we closed a cash-out DSCR loan in the name of the borrower’s entity. Against a $229,000 appraised value, the $171,750 refinance funded at 75% loan-to-value, with the rental’s income covering debt service at a 1.086 ratio. The 30-year term keeps the asset financed for the long haul while returning capital the investor can redeploy into the next acquisition.
Euclid, a lakefront suburb just east of Cleveland, offers the kind of affordable price points and dependable rental demand that have made Northeast Ohio a magnet for cash-flow-focused investors. Steady occupancy and attractive yields let operators build scale without the heavy capital outlay larger coastal markets demand.
Closing in an entity and recycling equity are hallmarks of an investor building methodically. If you are growing an Ohio rental portfolio, our team can help you structure the financing to keep it moving.
Similar Recently Funded Case Studies: DSCR Loan in Solon, OH • DSCR Loan in Akron, OH • DSCR Loan in Winthrop, MA
Key Deal Points
| Address | Euclid, OH |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Experienced Investor |
| Property Type | Single Family Detached |
| Appraised Value | $229,000 |
| Loan Amount | $171,750 |
| Loan To Value (LTV) | 75% |
| DSCR | 1.086 |
| Loan Term | 30-Year |
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