Loan Scenario:

American Heritage Lending backed a newer investor with a $172,500 DSCR cash-out refinance on a two-unit property in Roanoke, Virginia, unlocking equity from a small multifamily hold. The property appraised at $230,000, so the loan closed at 75% loan-to-value on a 30-Year term, a measured draw that keeps leverage in check. This funded as a True Zero Point Loan, holding down the cost of accessing that capital.

With two rents supporting the note, the property covers its debt at a 1.495 DSCR — comfortable coverage that carries the payment with room to spare. Qualification came from that rental income rather than the borrower’s personal earnings, so a newer investor could pull cash without tax returns or traditional income documentation. A fixed 30-year structure fits the buy-and-hold plan, and the second unit adds a layer of income diversification.

Roanoke sits in the Roanoke Valley of southwest Virginia, ringed by the Blue Ridge Mountains and known as the region’s medical and rail hub. Carilion Clinic, the valley’s largest employer, anchors a growing health-care sector alongside the Virginia Tech Carilion School of Medicine and its research institute, drawing physicians, residents, and staff who rent close to the campuses. Norfolk Southern’s long railroading history still shapes the local economy, and the illuminated Roanoke Star atop Mill Mountain gives the city its Star City of the South identity. The outdoor appeal along the Roanoke River and Appalachian Trail keeps in-migration steady, and a revitalized downtown with the Taubman Museum and a busy farmers market draws younger renters. Housing remains affordable relative to Virginia’s northern and coastal metros, which keeps small multifamily rentals in demand.

Overall, this deal shows how American Heritage Lending backs investors with practical DSCR financing. Measured leverage, income-qualified underwriting, and a fixed payment give the borrower usable equity and a clean path to hold a two-unit rental in a steady valley market.

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