Have A Look At This Property in Cleveland Heights, OH

Cleveland Heights OH home

Borrower looking to cash out refinance on the subject property located in Cleveland Heights, OH and hold for long-term rental loan. Subject is an SFR currently leased for $2,000 per month which is above the market rates per the appraiser's estimate ($1,550). Subject was appraised for $206k As-Is and a CDA was ordered to confirm the value was acceptable. Sponsor on the loan with good credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Total loan amount 69.9% LTV with 1.06 DSCR.