Repeat borrower looking to rate/term refinance the newly renovated six-unit multifamily property located in Ansonia, CT. Property was appraised for $595k as-is and a CDA confirmed the value was acceptable. Sponsor has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement for this project. Loan structured and priced in accordance with the qualification model. Total loan amount 70% LTV with 1.25 DSCR.
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