Case Study: DSCR Cash-Out Refinance in Oxford, Alabama
Multi-borrower DSCR cash-out refinance in Oxford, Alabama at 75% LTV. Four co-borrowers, two stationed overseas. See how the deal closed on schedule.
nmin readReleased on:August 13, 2026Last updated on:September 4, 2026
About the Deal
The property is a tenant-occupied single-family rental in Oxford, Alabama, co-owned by four investors looking to fund improvements on another property they hold together and contribute toward a down payment on a new acquisition. On its face, the deal structure was straightforward: a DSCR cash-out refinance with a 75% LTV and a 1.17 DSCR on a long-term tenanted property. What made it operationally complex was the borrower count and geography. Two of the four co-borrowers were stationed at a military base in the United Kingdom.
What Made It Special
- Four-borrower structure: Four co-borrowers on one loan meant four sets of documents, four sets of requirements, and four parties coordinating from different locations. Keeping the file on schedule required clear communication between the borrowers, title company, and lending team.
- International closing with a U.S. notary: The borrowers based in the UK signed their closing documents at a U.S. military base using a U.S. notary. That structure is legitimate, but it requires advance coordination with title and flexibility from everyone involved. Despite the time zone difference and physical distance between the borrowers, property, and closing team, the transaction closed on schedule.
- Cash-out proceeds used for portfolio growth: The refinance gave the group capital to begin improvements on another property they owned and move toward a new acquisition. Because DSCR loans qualify on rental income rather than personal income, the structure helped the borrowers access equity without tightening personal DTI. For DSCR loans in Alabama, that flexibility can help co-borrower groups scale across multiple properties.
The Result
The completed DSCR cash-out refinance closed on schedule with all four borrowers, including two signing from a military base in the UK.
- Loan Amount: $154,875 - 30YR Fixed Rate DSCR Loan
- Rate: 6.883%
- LTV: 75%
- DSCR: 1.17
- Loan Type: Cash-Out Refinance
Use our DSCR refinance calculator to run the numbers for your deal.
More About Ridge Street Capital
Ridge Street Capital provides fix and flip loans, DSCR loans, and ground-up construction financing to real estate investors across 36 states. Our focus is exclusively on investment properties — which means every deal we evaluate gets the attention of a team that has seen the full range of what makes an investment work or fail.
If you want a lender who will tell you clearly whether a deal makes sense, and move fast when it does, contact us:
Zach Cohen is the Managing Partner of Ridge Street Capital, a direct private lender providing hard money and DSCR loans to real estate investors across 35 states. Under his leadership, the firm has funded nearly $100 million in investment property loans. He regularly works with real estate investors on rental property acquisitions, refinances, and fix-and-flip projects across the country.
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Perfect for first-time investors or experienced investors scaling their rental portfolio.
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