Milwaukee Wisconsin DSCR Rental Loan
Address: Milwaukee, Wisconsin
Borrower Profile: New Borrower — Real Estate Investor
Purchase Price: $600,000
Appraised Value: $636,500
Loan Amount: $450,000
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Purchase
DSCR: 1.28
![Front - Milwaukee WI Milwaukee Rental Property](https://cdn.abl1.net/wp-content/uploads/2023/08/Front-7719-W-Hampton-Ave-Milwaukee-WI.png)
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Situation:
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.
![WI Rental Loan](https://cdn.abl1.net/wp-content/uploads/2023/08/Living-7719-W-Hampton-Ave-Milwaukee-WI.png)
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![Wisconsin Rental Property](https://cdn.abl1.net/wp-content/uploads/2023/08/Kitchen-7719-W-Hampton-Ave-Milwaukee-WI.png)
![Milwaukee Hard Money Lender](https://cdn.abl1.net/wp-content/uploads/2023/08/Bathroom-7719-W-Hampton-Ave-Milwaukee-WI.png)
Get Started
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