Asset Based Lending recently funded a DSCR rental loan for a repeat borrower in Pensacola Florida. This borrower contacted ABL to purchase a single-family property to add to their investment portfolio as a rental property. There is already a tenant placed in this property and the borrower is collecting market rent for the unit. With a DSCR of 1.33, this property is already cash-flowing and generating positive monthly income for this borrower. Most of Pensacola’s residents own their homes, and with only 37% of the available rentals being single family homes, this property is a great addition to this borrower’s portfolio.
