Asset Based Lending recently funded a DSCR rental loan for a first time borrower and real estate investor in Milwaukee Wisconsin. This borrower worked with ABL to purchase a small apartment building with eight units. At the time of the purchase all units were leased to tenants and collecting monthly rent. With tenants in place and a DSCR of 1.28 this property is already positively cashflowing for this investor. Milwaukee has a strong rental market with 59% of residents renting their homes and 41% owning. Located on the western coast of Lake Michigan, and approximately 100 miles from Chicago, Milwaukee is a perfect location for people looking for a lower cost of living and accessibility to the metropolitan areas.
