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Golden, Colorado DSCR Rental Loan

Address: Golden, Colorado
Borrower Profile: First Time Borrower — Real Estate Investor
Purchase Price: $570,000
Appraised Value: $580,000
Loan Amount: $319,000
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.70
Golden Rental Property Investing
Colorado DSCR Loan

Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Golden Colorado. This borrower refinanced a rental property using a Cash Out 10-year Interest Only loan. The borrower is intending to use the cash out to purchase another rental property to scale their investment portfolio. This property is fully rented and collects monthly market rent. With a DSCR of 1.70 it is already generating positive cashflow and contributing to the borrower’s real estate portfolio. Golden Colorado has a strong rental market as 41% of residents rent their home rather than own it. In this Denver suburb, residents have access to the best of urban and suburban living. Many young professionals find Golden is the perfect place to live for its proximity to Denver as well as the many nature attractions like the Rocky Mountains.

CO Rental Property Investing
Golden Hard Money Lender
Colorado Hard Money Lender
Golden DSCR Rental Loan