Wappingers Falls New York DSCR Rental Loan
Address: Wappingers Falls, New York
Borrower Profile: First Time Borrower — Real Estate Investor
Purchase Price: $175,000
Appraised Value: $209,000
Loan Amount: $131,250
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Purchase
DSCR: 1.58
![front - wappingers falls ny Hudson Valley Rental](https://cdn.abl1.net/wp-content/uploads/2024/01/front-wappingers-falls-ny.png)
![back - wappingers falls ny Wappingers Falls Hard Money Lender](https://cdn.abl1.net/wp-content/uploads/2024/01/back-wappingers-falls-ny.png)
Situation:
Asset Based Lending recently funded a DSCR rental loan for a first time borrower in Wappingers Falls New York. This borrower purchased a multifamily property to incorporate it into their rental portfolio. The units are are already rented out to tenants and the borrower is collecting monthly market rate rent. With a DSCR of 1.58, this property is generating positive cash-flow and passive monthly income for the investor. Wappingers Falls has a strong rental population with 66% of residents renting their homes, making it a great addition to this borrower’s portfolio.
![living - wappingers falls ny Hudson Valley Hard Money Lender](https://cdn.abl1.net/wp-content/uploads/2024/01/living-wappingers-falls-ny.png)
![bedroom - wappingers falls ny Wappingers Falls Rental Loan](https://cdn.abl1.net/wp-content/uploads/2024/01/bedroom-wappingers-falls-ny.png)
![kitchen - wappingers falls ny Hudson Valley Real Estate](https://cdn.abl1.net/wp-content/uploads/2024/01/kitchen-wappingers-falls-ny.png)
![bath - wappingers falls ny Wappingers Falls DSCR Loan](https://cdn.abl1.net/wp-content/uploads/2024/01/bath-wappingers-falls-ny.png)
Get Started
![prequalify-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/prequalify-icon.png)
![call-us-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/call-us-icon.png)
![email-us-icon](https://cdn.abl1.net/wp-content/uploads/2021/10/email-us-icon.png)