Recently Funded DSCR Loan In Narragansett, Rhode Island

Loan Scenario:

A newer investor holding a primary residence and the subject property worked with American Heritage Lending to refinance a high-value Narragansett single-family into more favorable long-term financing, using a rate-and-term DSCR loan with a 40-year interest-only structure and no points. The property appraised at $825,000, and we structured the no-cash-out refinance at 68% loan-to-value for a loan amount of $559,635. Because our DSCR program can accommodate premium coastal markets where seasonal rents understate a property’s value, the file qualified on the strength of the asset and its conservative leverage.

Narragansett is a sought-after Rhode Island beach town where limited shoreline supply and strong seasonal and second-home demand have long supported premium valuations. The interest-only structure gives an owner in a high-value market like this maximum monthly flexibility while holding a scarce coastal asset.

By refinancing into a low-leverage, interest-only term, this investor gained breathing room and a stable foundation for the next move. If you want to reposition a coastal rental, start the conversation about your financing options.

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