Asset Based Lending recently funded a DSCR rental loan for a repeat borrower in Salisbury North Carolina. This investor contacted ABL for a cash out and refinance loan on a rental property with a tenant in place. Since a tenant is already in place the borrower is collecting monthly rent at market rate. With a DSCR of 1.10 this property is cash-flowing positively and contributing passive income to the borrower’s real estate portfolio. The rental market in Salisbury NC is strong with about half of the residents renting their homes.