Recently Funded DSCR Loan In Bokeelia, Florida

Loan Scenario:

This DSCR purchase loan involves a single-family rental property located in Bokeelia, Florida. The borrower, a first-time investor, acquired the property for $350,000. Notably, the home appraised at $425,000, and American Heritage Lending provided $264,000 in financing at a Loan-to-Value (LTV) ratio of 62.12%. With a DSCR of 1.00, the property’s rental income fully covers the debt obligation. As a result, the investor qualified based on property performance rather than personal income.

The loan is structured as a 40-year fixed-rate mortgage with an interest-only period. Consequently, the borrower benefits from lower monthly payments during the initial phase, which helps preserve cash flow while establishing a foothold in the rental market. Because DSCR financing does not require tax returns or employment verification, this first-time investor was able to secure long-term financing without the limitations of traditional underwriting.

Bokeelia is located on Pine Island in Southwest Florida and continues to attract interest from investors seeking income-producing properties in coastal markets. The area offers a mix of year-round residents and seasonal renters, which supports consistent occupancy. Additionally, the limited housing supply on Pine Island contributes to stable rental demand. Therefore, this property is well-positioned for steady performance as a rental asset.

Overall, this transaction demonstrates how American Heritage Lending supports first-time investors entering the rental market. By offering DSCR-based financing with flexible loan structures, AHL enables new investors to acquire income-producing properties based on the asset’s cash flow potential rather than personal income documents.