201-942-9089 info@abl1.net

Tallahassee Florida DSCR Rental Loan

Address: Tallahassee, Florida
Borrower Profile: First Time Borrower — Real Estate Investor
Purchase Price: $249,000
Appraised Value: $250,000
Loan Amount: $199,200
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Purchase Only
DSCR: 1.10
Florida DSCR Loan
Tallahassee DSCR Loan

Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Tallahassee Florida. This borrower contacted ABL to purchase a town-home to add as a rental unit to their real estate investment portfolio. The property is completely unoccupied, but the borrower expects to collect monthly rent at market rate. With a DSCR of 1.10 this property will generate positive cash-flow for this investor. Tallahassee is the state capital of FL and offers many amenities for residents including job opportunities and access to many different activities. Owning a rental property is great for investors as 60% of residents depend on renting their home.

FL Hard Money Lender
Tallahassee Real Estate Investing
Florida Rental Loan
Tallahassee Rental Loan