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New Paltz, NY — $385,000 DSCR Cash-Out Refinance
A $385,000 DSCR cash-out refinance at 80% LTV on a two-family investment in New Paltz, NY.
$385,000
Loan Amount:
LTV %:
80%
New Paltz
City:
Two-Family Investment
Property Type:
Cash-Out Refinance
Transaction Type:
An investor looked to pull equity from a two-family investment in New Paltz, NY without the tax returns and personal-income documentation conventional financing requires.
Essencap structured a 30-year fixed-rate DSCR cash-out refinance at 80% loan-to-value for $385,000, qualified on the property's rental cash flow rather than the borrower's personal income.
The financing kept the long-term rental in the investor's portfolio while putting its equity to work.
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