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Wilkes-Barre Pennsylvania DSCR Rental Loan

Address: Wilkes Barre, Pennsylvania
Borrower Profile: Repeat Borrower – Experienced Real Estate Investor
Purchase Price: $35,000
Appraised Value: $234,000
Loan Amount: $122,500
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Cash Out Refinance
DSCR: 2.13
Pennsylvania hard money loan
DSCR Loan Wilkes Barre PA
Situation:

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.

Hard Money Loan Wilkes Barre PA
Wilkes Barre PA Loan
Wilkes Barre PA DSCR
Wilkes Barre Pennsylvania Loan
Hard Money Loan Wilkes Barre PA