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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
Hudson Valley Rental
Wappingers Falls Hard Money Lender

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.

Hudson Valley Hard Money Lender
Wappingers Falls Rental Loan
Hudson Valley Real Estate
Wappingers Falls DSCR Loan