Have A Look At This Property in Cleveland Heights, OH

A mortgage broker recently brought us a cash-out refinance opportunity for a single-family rental property in Cleveland Heights, OH. The borrower, an experienced investor, sought long-term financing to leverage existing equity while maintaining strong cash flow. The property, currently leased for $2,000 per month—exceeding the appraiser’s market rent estimate of $1,550—was appraised at $206,000 As-Is. To ensure valuation accuracy, a Collateral Desktop Analysis (CDA) was ordered and confirmed the assessment.

With a strong borrower profile, including excellent credit and sufficient liquidity to meet reserve requirements, we structured the loan at 69.9% LTV with a 1.06 DSCR. This deal exemplifies how brokers can maximize opportunities for their clients by partnering with RCN Capital. Our competitive terms and streamlined underwriting process make it easy for mortgage professionals to provide real estate investors with efficient, long-term financing solutions.