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Newark, NJ — $370,000 DSCR Cash-Out Refinance

A $370,000 DSCR cash-out refinance at 80% LTV on a three-family investment in Newark, NJ.

$370,000

Loan Amount:

LTV %:

80%

Newark

City:

Three-Family Investment

Property Type:

Cash-Out Refinance

Transaction Type:

An investor looked to pull equity from a three-family investment in Newark, NJ 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 $370,000, 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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