Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Denver, Colorado. This investor contacted ABL for a cash out refinance loan for a 2-family property. The property is unoccupied, but once the investor rents the units to tenants, they expect to collect market or above in rent for both units. With a DSCR of 1.30 this property will generate positive monthly cash-flow and contribute to the borrower’s investment portfolio. Half of Denver’s residents rent their homes making it an ideal location to use the buy-and-hold strategy. Located against the Rocky Mountains, renters in Denver can expect a lively atmosphere and access to many outdoor activities.
