Recently Funded DSCR Loan In Philadelphia, PA

Loan Scenario:

This financing scenario involves a Debt Service Coverage Ratio (DSCR) rental loan for an attached property located in Philadelphia, Pennsylvania. The property was appraised at $302,000, with an existing lien of $182,134.13. The investor secured a loan amount of $221,772, resulting in a Loan-to-Value (LTV) of 73.43%, providing a balanced structure with room to access built-up equity.

The loan was structured as a 30-year fixed-rate term, giving the investor long-term payment stability with no balloon or interest-only risk. The property’s performance qualified under program guidelines, supported by a DSCR of 1.313, indicating that the rental income is sufficient to comfortably cover the debt service.

This cash-out refinance allowed the investor with no prior experience to refinance their existing debt and gain access to equity without relying on tax returns or employment documentation. By qualifying based solely on the strength of the property’s cash flow, the investor was able to unlock equity and position themselves for future growth in a competitive Philadelphia rental market.

This scenario showcases another example of how American Heritage Lending helps investors of all experience levels grow their portfolios with flexible DSCR loan solutions tailored to real-world opportunities.