Recently Funded DSCR Loan In Lorain, Ohio
Loan Scenario:
A newer investor who owns a primary residence and a pair of rentals came to American Heritage Lending to access equity in a single-family home in Lorain, Ohio. With growing but still-early experience, the borrower needed a lender that would underwrite the deal on the property’s cash flow rather than personal income documentation. We structured a DSCR loan against the home’s $102,000 appraised value, returning $76,500 in cash-out proceeds at 75% loan-to-value with the rent comfortably covering the debt at a strong 1.431 ratio. The 30-year term gave this up-and-coming operator stable, long-term financing to keep scaling.
Lorain sits on Lake Erie just west of Cleveland, part of an affordable Northern Ohio corridor where low entry prices and healthy rent-to-value ratios have drawn cash-flow-focused investors. Strong yields on modestly priced single-family homes make markets like this ideal for building a portfolio, and AHL’s experience across Ohio helped a newer investor confidently unlock equity.
Similar Recently Funded Case Studies: DSCR Loan in Columbus, OH • DSCR Loan in Westerville, OH • DSCR Loan in Cleveland, OH
Key Deal Points
| Address | Lorain, OH |
| Loan Type | DSCR Cash Out Refinance |
| Borrower Profile | Newer Investor |
| Property Type | Single Family Detached |
| Appraised Value | $102,000 |
| Loan Amount | $76,500 |
| Loan To Value (LTV) | 75% |
| DSCR | 1.431 |
| Loan Term | 30-Year |
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