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Denver Colorado DSCR Rental Loan

Address: Denver, Colorado
Borrower Profile: First-Time Borrower — Real Estate Investor
Purchase Price: $1,450,000
Appraised Value: $1,700,000
Loan Amount: $907,500
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.30
CO Private Money Lender
Denver Rental Loan

Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Denver, Colorado. This investor contacted ABL for a cash out refinance loan for a 2-family property. The property is unoccupied, but once the investor rents the units to tenants, they expect to collect market or above in rent for both units. With a DSCR of 1.30 this property will generate positive monthly cash-flow and contribute to the borrower’s investment portfolio. Half of Denver’s residents rent their homes making it an ideal location to use the buy-and-hold strategy. Located against the Rocky Mountains, renters in Denver can expect a lively atmosphere and access to many outdoor activities.

Colorado Real Estate Investing
Denver Private Money Lender
Colorado Rental Loan
Denver Rental Property