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Hopatcong, NJ — $1,200,000 DSCR Cash-Out Refinance
A $1,200,000 DSCR cash-out refinance at 75% LTV on a lakefront single-family rental in Hopatcong, NJ.
$1,200,000
Loan Amount:
LTV %:
75%
Hopatcong
City:
Single-Family Investment (lakefront)
Property Type:
Cash-Out Refinance
Transaction Type:
An investor sought a cash-out refinance on a single-family rental in Hopatcong, NJ — the kind of no-tax-return DSCR deal that gets bogged down at algorithmic lenders.
Essencap refinanced the property at 75% loan-to-value for $1,200,000, on a 30-year fixed term with no tax returns required.
The financing let the investor pull equity from a strong-performing lakefront rental without disrupting the loan's long-term rate.
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