Borrower looking to cash out refinance this property located in Columbus, OH and hold it for long-term rental income. The property is currently vacant since it was recently renovated, but has an estimated market rent of $2,000/month. Property is in excellent condition and has an as-is value of $286k, which a CDA confirmed. Sponsor on the loan has good credit and bank statements verify sufficient liquidity to meet the deal’s reserve requirement. Total loan amount 65% LTV with 1.30 DSCR.