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Chester Pennsylvania DSCR Rental Loan

Address: Chester, Pennsylvania
Borrower Profile: First Time Borrower — Real Estate Investor
Purchase Price: $30,000
Appraised Value: $160,000
Loan Amount: $112,000
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.42
Chester Real Estate Investor
Pennsylvania DSCR Loan

Asset Based Lending recently funded a DSCR rental loan for a new borrower in Chester Pennsylvania. This real estate investor contacted ABL for a cash out refinance loan on a single-family rental property with a tenant already in place. This borrower purchased this property in late 2018 for a price that was significantly below the market value. With a DSCR of 1.4, this property is already generating positive cash-flow for the borrower. Chester PA has a very strong renter population as 63% of residents are renting their homes. However, only 5% of the rental properties available in Chester are single family homes making this a great addition to this borrower’s portfolio.

Pennsylvania Real Estate Investing
Chester Rental Property
PA Hard Money Lender
Chester DSCR Loan