Loan Scenario:

American Heritage Lending funded a $234,750 DSCR rate-and-term refinance on a detached PUD home in Long Pond, Pennsylvania, for an experienced investor. The property appraised at $313,000, and we set the loan at 75% loan-to-value on a 30-Year term as a True Zero Point loan, moving a recently acquired rental into stable, long-horizon financing.

As a rate-and-term refinance, this deal was about locking in permanent terms rather than pulling cash, and it qualified entirely on the rental income the property produces. The rent covers the payment at a 1.139 DSCR, clearing our coverage threshold on the asset’s own merits, with no personal income documentation required. For an owner transitioning a fresh purchase into a long-term hold, the fully amortizing 30-Year structure delivers exactly the payment stability the strategy calls for.

Long Pond sits in the heart of the Pocono Mountains in Monroe County and is best known as the home of Pocono Raceway, the tri-oval that brings NASCAR crowds to the region every season. The surrounding area is a year-round recreation draw, with ski slopes, resort communities, and lake country pulling visitors and vacation-home buyers, while the I-80 corridor keeps New York and New Jersey within commuting reach. That mix of tourism demand and metro affordability supports both short- and long-term rental appetite.

A seasoned operator, clean coverage, and a resort-market address made this refinance a smooth one to close.

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