Asset Based Lending recently funded a DSCR rental loan for a repeat borrower in Broken Arrow Oklahoma. This investor contacted ABL for a cashout refinance loan for an occupied single-family property. Since this property is fully occupied this borrower is collecting slightly below market rate in monthly rent. With a DSCR of 1.13 this property is generating positive cash-flow and contributing to the borrower’s investment portfolio. Broken Arrow OK is in Tulsa County where the overall cost of living is 11% lower than the national average. Only 27% of residents in Broken Arrow are renting their homes versus owning, making a single-family home rental property an asset for investors in this area.
