Milwaukee Wisconsin DSCR Rental Loan
Address: Milwaukee, Wisconsin
Borrower Profile: First Time Borrower — Experienced Real Estate Investor
Purchase Price: $42,500
Appraised Value: $152,000
Loan Amount: $75,600
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 1.92
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Situation:
Asset Based Lending recently funded a DSCR rental loan for a first-time borrower and experienced real estate investor in Milwaukee Wisconsin. This brought contacted ABL for cash out refinance loans for two separate properties. This property is a two-family home in Milwaukee with one unit leased and collecting market rent. With a DSCR of 1.92 the property is positively cash flowing and generating monthly income for the borrower. Milwaukee is Wisconsin’s largest city and offers ample career opportunities for current and prospective residents. Approximately 59% of residents rent their homes versus 41% owning making it a great location for long-term real estate investors.
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Get Started
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