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Broken Arrow Oklahoma DSCR Rental Loan

Address: Broken Arrow, Oklahoma
Borrower Profile: Repeat Borrower — Real Estate Investor
Purchase Price: $175,000
Appraised Value: $190,000
Loan Amount: $142,500
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.13
Oklahoma Rental Loan
Broken Arrow Rental Property

Asset Based Lending recently funded a DSCR rental loan for a repeat borrower in Broken Arrow Oklahoma. This investor contacted ABL for a cashout refinance loan for an occupied single-family property. Since this property is fully occupied this borrower is collecting slightly below market rate in monthly rent. With a DSCR of 1.13 this property is generating positive cash-flow and contributing to the borrower’s investment portfolio. Broken Arrow OK is in Tulsa County where the overall cost of living is 11% lower than the national average. Only 27% of residents in Broken Arrow are renting their homes versus owning, making a single-family home rental property an asset for investors in this area.

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