Loan Scenario:

An experienced investor turned to American Heritage Lending for a cash-out refinance on a single-family rental in Solon, Ohio. The borrower had purchased the property in August 2025 and wanted to unlock built-up equity to redeploy into future opportunities. AHL closed a $274,500 loan at 74% loan-to-value against a $370,000 appraised value, structured on a 30-year term with a qualifying DSCR of 1.028. Because the property’s rental income covers its debt service, the borrower qualified on the strength of the asset’s cash flow rather than personal income.

Solon is one of Greater Cleveland’s most sought-after eastern suburbs, anchored by a nationally ranked school district that sustains consistent tenant and buyer demand. That stability makes it a natural fit for a long-term rental hold and a low-vacancy cash-flow strategy. As a result, by refinancing into a fixed 30-year structure, the investor secured durable financing and pulled equity out as cash to keep growing the portfolio with this DSCR loan. Building a rental portfolio in Ohio? Explore financing with American Heritage Lending.

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