Recently Funded DSCR Loan In Oxnard, CA

Loan Scenario:

This case study covers a DSCR no-cash-out refinance for a two-unit rental property in Oxnard, California. Specifically, the property appraised at $1,100,000, and American Heritage Lending provided $572,500 in funding. As a result, the loan carries a Loan-to-Value (LTV) ratio of 52.05%. Notably, the loan is set up as a 40-year fixed interest-only loan. Also, no tax returns or personal income documents were needed for approval. Furthermore, with a DSCR of 1.000, the rental income meets the debt service threshold under DSCR guidelines.

The borrower is a limited-experience investor. Therefore, getting structured funding on a high-value California asset without standard income documents was a key goal. Because approval is based on the income of the property rather than personal documents, the investor was able to secure long-term funding. Moreover, the 40-year fixed interest-only loan helps keep monthly payments in line with current rental income. As a result, this supports a stable, long-term hold strategy.

Oxnard sits within Ventura County and benefits from steady rental demand. Specifically, its coastal location and strong job base drive steady tenant interest. Also, the area offers lower costs compared to nearby Los Angeles County. As a result, two-unit rentals here attract reliable tenants. Consequently, income properties in Oxnard are well-suited for long-term rental results.

Overall, this deal shows how American Heritage Lending supports investors at different levels with DSCR-based funding. Specifically, the 40-year fixed interest-only structure provides payment options that fit real-world rental income. Also, property-based approval removes the document hurdles that often block access to standard loans. Therefore, investors with limited track records can still secure long-term funding on strong assets.