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Sewall’s Point Florida DSCR Rental Loan

Address: Sewall's Point, Florida
Borrower Profile: First Time Borrower — Real Estate Investor
Purchase Price: $1,500,000
Appraised Value: $2,700,000
Loan Amount: $1,755,000
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.20
Florida Hard Money Lender
Pensacola DSCR Loan
Situation:

Asset Based Lending recently funded a DSCR rental loan for a repeat borrower in Sewall’s Point, Florida with a first-time borrower and real estate investor. The property was purchased for $1,500,000 with an appraised value of $2,700,000 and a loan amount of $1,755,000. This coastal luxury property has 5 bedrooms and 4 bathrooms, with over 4,000 square feet of refined living space. A 3-car garage and full impact windows enhance convenience and aesthetics. With a DSCR of 1.20 this investment opportunity provides the borrower with both stability and potential for growth in the thriving Sewall’s Point real estate market.