New clients to RCN Capital looking to purchase the subject property located in Chicopee, MA for $737,000.00. Subject was appraised for $750,000.00 as-is, and a commercial BPO was obtained which shows a $718k value. Guarantors have experience managing single family rentals and plan to use PMA to manage the property. Bank statement reflects sufficient liquidity to meet the reserve requirement. Loan is structured at 61.00% LTV.
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