Loan Scenario:

A seasoned real estate investor with a newer footprint on the rental-financing side came to American Heritage Lending to tap the equity in a single-family home in Kent, and the goal was to convert built-up value into deployable capital. Rather than wade through the income documentation a conventional cash-out would demand, the borrower used our DSCR loan, which qualified the deal on the strength of the property itself.

We structured the cash-out refinance at 80% loan-to-value on a $510,000 appraised value, funding $408,000 on a 30-year term. That leverage maximized the cash pulled from the property while keeping the borrower in a stable, fully amortizing long-term product.

Kent anchors the Green River Valley between Seattle and Tacoma, a submarket where proximity to major employers, a dense logistics and manufacturing corridor, and persistent housing demand keep single-family rentals tightly occupied. Values here have proven resilient, which is what allowed a cash-out at this size to still leave the investor well-positioned. AHL was glad to help this Washington investor put their equity to work, and we’re ready to provide the financing for their next opportunity.

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