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Repeat borrower looking to pull cash-out of the subject property, a single-family rental located in Anderson, SC. Property is currently vacant with estimated market rent per the appraiser's estimate at $1,400/month. The subject was appraised for $203k As-Is and a CDA confirmed the value was acceptable. Sponsor on the loan has good credit with a and bank statements reflect sufficient liquidity to meet the debt service requirement. Loan structured and priced in accordance with the qualification model. Total loan amount 74.9% LTV, 96.4% LTC and 1.10 DSCR.