Borrower is looking to cash-out refinance on the subject property located in Atlanta, GA which was purchased for $170K. Property was appraised for $343K as-is and a CDA confirmed the value was acceptable. Sponsor on the loan has excellent credit and bank statements reflect insufficient liquidity, thus 25% of the cash out proceeds were used to meet the reserve requirement. Loan is structured at 75.00% LTV presenting 1.17 DSCR.