Have You Seen This Property in Cincinatti, OH?

New client seeking a cash out transaction on the subject property located in Cincinnati, OH. Property is in good condition, appraised for $223K as-is and CDA is confirmed as is value. Subject property is currently in lease with $2.2K/month for each unit, with the appraised market rent at $1750/Month. Sponsor on the loan has good credit and good liquidity to close the deal. Loan is structured at 75% LTV presenting 1.32 DSCR.