Recently Funded DSCR Loan In Chicago IL
Loan Scenario:
American Heritage Lending recently funded this DSCR loan in Chicago, Illinois. The subject property is a 6 bedroom, 3 bathroom 3-unit properly originally built in 1911. Owned free and clear and worth $457,000, AHL issued a $342,750 cash out refinance loan on this multi-family investment property. With the new mortgage, the property still maintains strong positive cash flow with a Debt Service Coverage ratio of over 1.28x.
Key Deal Points
| Address | Chicago, IL |
| Loan Type | DSCR Rental Loan – Cash Out Refinance |
| Borrower Profile | Experienced Investor |
| Property Type | Multi-Family 3 |
| Appraised Value | $457,000 |
| Loan Amount | $342,750 |
| Loan To Value (LTV) | 75% |
| DSCR | 1.284 |
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