Baltimore Maryland DSCR Rental Loan
Address: Baltimore, Maryland
Borrower Profile: Repeat Borrower — Experienced Real Estate Investors
Purchase Price: $140,000
Appraised Value: $140,000
Loan Amount: $105,000
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Purchase Only
DSCR: 1.56
Situation:
This repeat borrower and experienced real estate investor is refinancing a single-family home in Baltimore, Maryland with Asset Based Lending’s DSCR rental loan. The property was purchased for $140,000 with a loan amount of $105,000. As of Q2 2023, 51% of the households in Baltimore City, MD are renter-occupied, making this property a great choice for the borrower’s rental portfolio. The investor has tenants occupying the unit and is collecting $1,350 per month in rental income. As a positive cash-flow property with a DSCR of 1.56, this is a passive income producing investment property for this borrower.
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