Repeat Borrower looking to refinance existing debt on subject property and hold it long term. Subject is an SFR located in Victoria, TX. Subject appraised for $160k As-Is and a CDA confirmed the value was acceptable. Sponsor on the loan with good credit with a mid-score of 731; Bank statements reflect just over $137.5k in liquidity which is sufficient to meet the reserve requirement. Loan structured and priced in accordance with the qualification model. Total loan amount 80% LTV with 1.20 DSCR.