Repeat borrower seeking a rate-term refinance on an investment property located in Bessemer, NC. Subject property was appraised for $230k as-is with a CDA confirming the value was acceptable. The property is currently vacant with a market rent of $1600/month. Sponsor on the loan has excellent credit and bank statements reflect sufficient liquidity to meet the reserve requirement for the deal. Total loan amount 71% LTV with 1.15 DSCR.