Asset Based Lending recently funded a DSCR rental loan for a firs time borrower in Kansas City, Missouri with a first-time borrower and real estate investor. The property was purchased for $300,000 with an appraised value of $310,000 and a loan amount of $225,000. This multi-family home has two bedrooms and one bathroom in each unit. 46% of the households in Kansas City, Missouri are renter occupied, making this a great investment for the borrower. With a DSCR of 1.61 this investment opportunity provides the borrower with both stability and potential for growth in the thriving Kansas City, Missouri real estate market.
