Check Out This Property in Baltimore, MD!

Borrower is an experienced investor looking to cash-out on subject property located in Baltimore, MD. Subject is an SFR currently leased and generating monthly rent of $1,950/month which is less than appraiser’s estimate of market rent ($2,200/Month). The property is appraised for $326k as-is and a CDA confirmed the value was acceptable. Sponsor on the loan has good credit with mid-scores of 770 and bank statements reflects sufficient liquidity to meet the reserve requirement for this project. Loan structured and priced in accordance with the LTR model. Total loan amount 73.5% LTV with 1.10 DSCR.