DSCR Rental Refinance Loan for Duplex in West Carrollton, Ohio

Funded by RCN Capital


Deal Details

Private Loan Type


Approx. Funding Date


Property Type
2-4 Units Residential
Property City

West Carrollton

Property State


Loan Term (months)


Lien Type

1st Mortgage

Property Value


Previous Loan Balance





30 years

Rate Type


Debt Service Coverage Ratio


Property Neighborhood

West Carrollton

Location Type


Property Condition

Newly Renovated

Occupancy at Closing


Number of Units


Borrower's Plan

Continue Rental

Interest Rate


Origination Points


Deal Highlights

Borrower is an experienced investor seeking rate/term on the subject property.
Property was purchased in February 2022 as a Fix& Hold project. Now ready for refinance.
Borrower has sufficient credit score, qualifying for a total loan amount 75% LTV with 1.25 DSCR.
One unit of the duplex was rented while the other is vacant.

Deal Summary

RCN Capital, a national direct private lender, funded a $120,000 DSCR long-term rental refinance loan secured by a newly renovated duplex in West Carrollton, OH. The subject property’s value was approximately $160,000 as-is, so the loan-to-value for our first mortgage was 75%. We paid off a previous loan balance of $117,000. The Borrower was a repeat and experienced investor looking to refinance existing debt on a subject property and hold it to a long-term loan. The 2-unit family residence was being leased for $1,035 per month which was below the market rates as per the appraiser’s estimate ($1,400). The Sponsor had good credit with a mid-score of 735 and bank statements that reflected solid liquidity sufficient to meet our reserve requirement. The debt service coverage ratio was 1.25. The fixed interest rate was 7.17%. We charged 2% origination points. The loan term was set at 30 years. This DSCR rental refinance loan was funded in December 2022.

Funded By

RCN Capital

Direct Lender for Residential Fix & Flip, Long-Term Rental, Bridge Loans


Andrew Husson

Loan Officer

Andrew Husson, Loan Officer, is dedicated to building strong and productive relationships with both investors and borrowers, so they can achieve their financial goals. He strives to provide clear & insightful communication to help individuals understand all the options available to them and assist them in reaching the most profitable outcome. Andrew graduated cum laude from George Washington University with a Bachelor of Science in Economics. He is fully committed to turning clients’ real estate dreams into financial successes.

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