Recently Funded DSCR Loan In Albany, New York

Loan Scenario:

This DSCR Cash-Out Refinance funds a three-unit attached townhouse in Albany, New York. Specifically, the property appraised at $370,000, and the loan came in at $259,000. As a result, the LTV sits at a clean 70.00%. Meanwhile, the DSCR of 1.266 confirms the rental income covers the new debt with room to spare.

The borrower is a seasoned investor with a stable rental in place. Notably, the program qualifies the loan on property cash flow rather than personal income. Therefore, the borrower can pull equity without tax returns or W-2 paperwork. The 30-year fixed term then locks in stable payments for the long haul.

Furthermore, the three-unit setup spreads income across multiple tenants. So one vacancy does not stall the whole asset. The vintage 1900 build also remains a stable long-term rental in a renter-heavy capital city.

Albany continues to draw steady tenant demand. Specifically, the city anchors state government, healthcare, and higher education. Moreover, employers like Albany Medical Center, SUNY, and major state offices keep tenant demand strong. Consequently, small multifamily assets stay active in the local market.

Overall, this deal shows how AHL backs experienced investors with flexible DSCR funding. Specifically, the program treats multi-unit assets the same way it treats single-family rentals. As a result, the borrower pulled equity, locked in a 30-year fixed rate, and kept the portfolio growing.