Check Out This Property in Fort Washington, MD!

Borrower looking to refinance existing debt on subject property located in Fort Washington, MD and hold it to long term loan. Subject is an SFR appraised for $440k As-Is and a CDA was ordered to confirm the value was acceptable. Sponsor on the loan with good credit with a mid-score of 727; Bank statements reflect just over $34k in liquidity which is sufficient to meet the reserve requirement. Loan structured and priced in accordance with the qualification model. Total loan amount 70% LTV with 1.10 DSCR.