This first-time borrower and real estate investor is refinancing a single-family home in Londonderry, New Hampshire with Asset Based Lending’s DSCR rental loan. This home was purchased for $265,000 with a loan amount of $323,000 an appraised value at $471,000. This 816 square foot home has 3 bedrooms and 1 bathroom. Londonderry has seen an 8.4% sale price growth as of July 2023, making this a great choice for the borrower’s real estate portfolio. With a DSCR of 1.09, this is a passive income producing investment property for this borrower.
