Loan Scenario:

American Heritage Lending backed an experienced investor with a $191,250 DSCR cash-out refinance on a single-family detached home in Petersburg, Virginia, freeing up equity from a stabilized rental for the next acquisition. The property appraised at $255,000, so the loan closed at 75% loan-to-value on a 30-Year term. Qualification came from the property’s rental income rather than the borrower’s personal earnings, and the rent covers the note at a 1.116 DSCR. That coverage carries the debt comfortably while putting proceeds back in the investor’s hands, a move that suits someone already managing a portfolio of fourteen properties. Because DSCR skips tax returns and work papers, a cash-out on a seasoned rental stays clean and quick, and the fixed 30-year structure locks the new payment in place for the long haul. For a portfolio operator, that predictability makes it easy to plan the next purchase around freed-up equity.

Petersburg sits just south of Richmond along the I-95 corridor and has become the center of a fast-growing pharmaceutical manufacturing cluster. Firms like Phlow, Civica Rx, and AMPAC Fine Chemicals have anchored what state officials now call “PharmaVille,” building advanced domestic drug-manufacturing capacity backed by federal contracts. Nearby Fort Gregg-Adams, the Army’s former Fort Lee, adds a large defense and logistics workforce, and Amazon operates fulfillment capacity in the area. The city sits at the junction of I-95 and I-85, which has long made it a distribution and warehousing hub for the region. Notably, Petersburg housing costs sit well below Richmond’s just up the highway, which keeps the city attractive to renters priced out of the metro. That combination of new manufacturing investment and relative affordability keeps single-family rentals in steady demand.

Overall, this deal shows how American Heritage Lending backs investors with practical DSCR financing. Measured leverage, income-qualified underwriting, and a fixed 30-year payment give the borrower liquidity to redeploy while holding a well-located rental in a market on the rise.

Similar Recently Funded Case Studies: DSCR Loan in Indiantown, FL  •  DSCR Loan in Warner Robins, GA  •  DSCR Loan in Gainesville, FL

Additional Images