RCN Capital Blog

Have You Seen This Property in Akron, OH?

Written by David Grushetskiy | May 1, 2024 9:18:58 PM

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.