This first-time borrower and real estate investor is refinancing a multifamily home in Milwaukee, Wisconsin with Asset Based Lending’s DSCR rental loan. The property was purchased for $100,000 with an appraised value of $116,000 and a loan amount of $87,000. With a DSCR of 2.18 this is 3-bedroom 1-bathroom home is already positively cash flowing and providing passive income for this rental property investor. 59% of the households in Milwaukee, WI are renter occupied making it a great addition to the borrower’s real estate portfolio.
