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Fairfield Connecticut DSCR Rental Loan

Address: Fairfield Connecticut
Borrower Profile: Repeat Borrower – Experienced Real Estate Investor
Purchase Price: $699,000
Appraised Value: $732,000
Loan Amount: $450,000
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Property Purchase Only
DSCR: 1.24
Hard Money Fairfield CT
DSCR Loan Connecticut

This repeat borrower and experienced investor is purchasing a single-family home in Fairfield, Connecticut with Asset Based Lending’s DSCR rental loan. As of June 2023, Fairfield Connecticut is a seller’s housing market, which means prices are higher and homes are selling faster. This single-family property was purchased for $699,000 and appraised for $732,000. The borrower is collecting $5,250 per month with a long-term occupant under an annual contract. The remaining three units are unoccupied and unleased. As a positive cash-flow property with a DSCR of 1.24, this is a passive income producing investment property for this borrower.