This repeat borrower and experienced real estate investor is refinancing a single-family home in Baltimore, Maryland with Asset Based Lending’s DSCR rental loan. The property was purchased for $140,000 with a loan amount of $105,000. As of Q2 2023, 51% of the households in Baltimore City, MD are renter-occupied, making this property a great choice for the borrower’s rental portfolio. The investor has tenants occupying the unit and is collecting $1,350 per month in rental income. As a positive cash-flow property with a DSCR of 1.56, this is a passive income producing investment property for this borrower.
