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Originally published on August 3, 2026
Repeat borrower looking to purchase this single-family home in Bloomfield, CT to hold for long-term rental income. Property was appraised for $300k as-is with a CDA confirming the value was acceptable. Sponsors on the loan have good credit and bank statements reflect sufficient liquidity to meet the reserve requirement for the deal. Loan structured and priced in accordance with the LTR model. Total loan amount 77% LTV with 1.05 DSCR.