Check Out This Property in Davenport, IA!

Repeat and experienced borrower looking to purchase subject property located in Davenport, IA to hold to long-term loan. The property appraised for $118,500.00 as-is. Two Sponsors on the loan overall with decent credit, and bank statements reflect sufficient liquidity to meet the reserve requirement to close the deal. Loan structured and priced in accordance with the LTR model. Total loan amount 80% LTV/LTC with 1.59 DSCR.