Have You Seen This Property in Daytona Beach, FL?

New client was looking to cash out on the subject property which is a multifamily (5+ units) property located in Daytona Beach, FL. Subject was appraised for $1,400,000.00 as-is and a commercial BPO was also provided reflecting an as-is value of $1,410,000. Bank statements reflect sufficient liquidity to meet the reserve requirement. Deal is structured in accordance with the qualification model.