This repeat borrower and experienced real estate investor is refinancing a multi-family home in Wilkes-Barre Pennsylvania with Asset Based Lending’s DSCR loan program. This 2-unit property is 2,642 square feet with 6 bedrooms and 2 bathrooms. 42% of the households in Wilkes Barre PA are renter-occupied, making this property a good choice for the borrower’s rental portfolio. The property was purchased for $35,000 and appraised for $200,000. The borrower has tenants occupying both units’ long term and is collecting $2,200 per month in total. As a positive cash-flow property with an exceptional DSCR of 2.13, this is a passive income producing investment property for this borrower. ABL offers DSCR loans to real estate investors in Pennsylvania and beyond making us a great choice for investors using the BRRRR method.
