Borrower looking to cash-out refinance the subject property located in Athens, GA after completing $10,700 worth of rehab work on it. Property is a 3-unit multifamily home with all units leased currently generating $6,000/month which equal to market rent per the appraiser’s estimate. The property was appraised for $1,000,000 as-is with a CDA confirming the value. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet reserve requirement. Total loan amount 65.00% LTV with 1.21 DSCR.