Asset Based Lending recently funded a DSCR rental loan for a first-time borrower in Philadelphia Pennsylvania. This investor contacted ABL for a cash out refinance loan for an occupied single-family property. The tenant is paying market rate rent and with a DSCR of 1.41 this property is generating positive monthly cash-flow and contributing to the borrower’s investment portfolio. Philadelphia offers residents access to employment and education opportunities with multiple Fortune 1000 companies and universities located in the city. About 47% of Philadelphia’s residents rent their homes, making rental property investments a great strategy for investors.