Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Golden Colorado. This borrower refinanced a rental property using a Cash Out 10-year Interest Only loan. The borrower is intending to use the cash out to purchase another rental property to scale their investment portfolio. This property is fully rented and collects monthly market rent. With a DSCR of 1.70 it is already generating positive cashflow and contributing to the borrower’s real estate portfolio. Golden Colorado has a strong rental market as 41% of residents rent their home rather than own it. In this Denver suburb, residents have access to the best of urban and suburban living. Many young professionals find Golden is the perfect place to live for its proximity to Denver as well as the many nature attractions like the Rocky Mountains.
