New Borrower looking for a Cash Out Refinance on a SFR property located in Akron, OH. Property was purchased on this year and renovated, currently appraised for $177K As-Is. Property is Vacant and appraiser’s estimate market rent (1,400.00/Month). Guarantors have Good liquidity and sufficient liquidity to close the deal. Loan is structured at 73.44% LTV presenting 1.10 DSCR.
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