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Philadelphia Pennsylvania DSCR Refinance Loan

Address: Philadelphia, Pennsylvania
Borrower Profile: Repeat Borrower — Real Estate Investor
Purchase Price: $34,334
Appraised Value: $1,378,000
Loan Amount: $1,102,400
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Rate & Term Refinance
DSCR: 1.14
Philly DSCR Loan
Pennsylvania Refinance

Asset Based Lending recently funded a DSCR rental loan for a repeat borrower in Philadelphia Pennsylvania. This borrower contacted ABL while in the construction phases of this 4-family property to refinance and hold the property to rent the units for passive income. The property remained unoccupied while under renovation. The expected rent for each unit is in line with the market rates. Once occupied, and with a DSCR of 1.14, this property will generate positive cash flow and contribute to their real estate portfolio. Philadelphia has a strong renter population as nearly half of the city’s residents rent their homes.

PA Hard Money Lender
Philly Hard Money Lender
Pennsylvania Rental Loan
Philadelphia Rental Loan