Asset Based Lending recently funded a DSCR rental loan with a first-time borrower and experienced real estate investor. The property was purchased for $333,000 with a loan amount of $227,250 and an appraised value of $875,000. As of Q1 2024, 43% of the households in Brockton, Massachusetts are renter-occupied, making this a worthwhile investment for the borrower. With a DSCR of 2.89, this property will generate positive cashflow and monthly income for the investor.
