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Salisbury North Carolina DSCR Rental Loan

Address: Salisbury, North Carolina
Borrower Profile: Repeat Borrower — Real Estate Investor
Purchase Price: $93,000
Appraised Value: $205,000
Loan Amount: $143,500
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.10
NC Hard Money Lender
Salisbury Rental Loan

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.

NC real estate investing
Salisbury Hard Money Lender
NC Rental Loan
Salisbury DSCR loan