Asset Based Lending recently funded a DSCR rental loan for a first time borrower in Wappingers Falls New York. This borrower purchased a multifamily property to incorporate it into their rental portfolio. The units are are already rented out to tenants and the borrower is collecting monthly market rate rent. With a DSCR of 1.58, this property is generating positive cash-flow and passive monthly income for the investor. Wappingers Falls has a strong rental population with 66% of residents renting their homes, making it a great addition to this borrower’s portfolio.