Asset Based Lending recently funded a DSCR rental loan for a first-time borrower and in Lakeview Minnesota. This borrower contacted ABL for a loan to purchase a property in Lakeview to add to their rental property portfolio. This borrower is a full-time real estate investor and has incorporated two rental properties in their portfolio in the last three years with the intention of scaling their business. In the rental market in Lakeview only 12% of homes are rented rather than owned, and the market consists of predominantly 3-bedroom homes. Though the borrower did not have a tenant already in place, the projected market rent for this single-family home is approximately $4,850 which would make this property positively cash-flowing. Lakeville is located within 30 minutes of Minneapolis, drawing many new residents each year for career opportunities. Property owners in Minneapolis benefit from the low vacancy rates as well as the landlord-friendly laws making this a great city for rental property investors.