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Cleveland Georgia DSCR Rental Loan

Address: Cleveland, Georgia
Borrower Profile: Repeat Borrower – Experienced Real Estate Investor
Purchase Price: $275,000
Appraised Value: $275,000
Loan Amount: $192,500
Loan Structure: Fully Amortizing 30-Year
Loan Purpose: Property Purchase Only
DSCR: 1.00
MN Rental Property Loan
Lakeville Hard Money Lender
Situation:

This repeat borrower and experienced real estate investor is refinancing a single-family home in Cleveland, Georgia with Asset Based Lending’s DSCR loan program. This property is 1,277 square feet with 3 bedrooms and 2 full bathrooms. The borrower has the home occupied with a long-term lease and is collecting $1,7000 per month. With a DSCR of 1.00 this property is already positively cash flowing and providing passive income for this rental property investor. In Cleveland, Georgia 53.8% of housing units are renter occupied, making this investment worthwhile for the borrower. The area has a dense suburban feel where many young families and professionals reside for Cleveland’s outdoor landscape and quality public education system.

Cleveland Georgia Loan
Cleveland Georgia Hard Money
Georgia real estate lending
GA Hard Money Lender