Recently Funded DSCR Loan In Fulton, New York

Loan Scenario:

This case study features a DSCR rental loan in Fulton, New York. Here, the home is a detached three-unit in Oswego County. The investor paid $135,000, which also matched the appraised value. Also, American Heritage Lending funded $108,000, setting the Loan-to-Value at 80%. So, the loan carries a DSCR of 1.796 for strong cash flow.

The borrower is a seasoned investor seeking a stable long-term hold. So, AHL set up the loan as a 30-year fixed product. Also, the DSCR program approves the loan based on rent income. Then, the investor skips the paperwork load of bank mortgages.

Fulton sits about 23 miles from Syracuse along Route 481. Also, nearly half of all homes here are rentals. Here, working families and Syracuse commuters drive steady demand. So, three-unit buildings tend to lease quickly in this market.

Overall, this deal shows how AHL helps investors scale rental holdings. First, the 80% LTV gives the borrower strong buying power on a multi-unit deal. Also, the 30-year fixed term locks in stable payments for the long haul. So, the investor adds a cash-flowing asset without bank loan limits.