Have A Look At This Property in Cleveland, OH!

Experienced borrower looking to cash-out on subject property located in Cleveland, OH and hold it for long-term income. Subject is a multifamily property currently vacant with an appraiser’s estimate of market rent for two units at $2,400/Month. The property was appraised for $165k as-is with a CDA confirming the value was acceptable. Sponsor has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Loan structured and priced in accordance with the LTR model. Total loan amount 75% LTV with 2.00 DSCR.