Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Memphis, Tennessee. This property was purchased for $67,000 with an appraised value of $145,000 and a loan amount of $94,250. With a DSCR of 1.66 it is already generating positive cashflow and contributing to the borrower’s real estate portfolio. Memphis, Tennessee resonates with culture, music, and a strong sense of community, making this a great investment for the borrower.
