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Borrower looking to do a delayed purchase for $180k on subject property located in Houston, TX. Property is a SFR and has an appraiser’s estimate of market rent as $1,900/Month. Property is appraised for $205k As-Is and Sponsor with mid-score of 784 and bank statements reflect sufficient liquidity. Loan structured and priced in accordance with the qualification model. Total loan amount 75.00% LTC & 65.85% LTV with 1.10 DSCR.
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