Memphis, Tennessee DSCR Rental Loan
Address: Memphis, Tennessee
Borrower Profile: First Time Borrower — Real Estate Investor
Purchase Price: $67,000
Appraised Value: $145,000
Loan Amount: $94,250
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.66
![front TN Rental Loan](https://cdn.abl1.net/wp-content/uploads/2024/03/front-8.png)
![rear Memphis DSCR Loan](https://cdn.abl1.net/wp-content/uploads/2024/03/rear-8.png)
Situation:
Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Memphis, Tennessee. This property was purchased for $67,000 with an appraised value of $145,000 and a loan amount of $94,250. With a DSCR of 1.66 it is already generating positive cashflow and contributing to the borrower’s real estate portfolio. Memphis, Tennessee resonates with culture, music, and a strong sense of community, making this a great investment for the borrower.
![private money lender in Tennessee](https://cdn.abl1.net/wp-content/uploads/2024/02/bathroom-4.png)
![best hard money lender in Memphis](https://cdn.abl1.net/wp-content/uploads/2024/02/kitchen-3.png)
![DSCR Tennessee](https://cdn.abl1.net/wp-content/uploads/2024/02/interior.png)
![real estate investing in Tennessee](https://cdn.abl1.net/wp-content/uploads/2024/02/living-room-3.png)
Get Started
![prequalify-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/prequalify-icon.png)
![call-us-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/call-us-icon.png)
![email-us-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/email-us-icon.png)