Repeat borrower under contract to purchase the subject property located in Everman, TX to hold for long term rental income. Subject is a single-family rental, currently vacant but with market rates per the appraiser's estimate at $1,900/month. Subject was appraised for $205k as-is, and a CDA confirmed the value was acceptable. Two sponsors on the loan have excellent credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Total loan amount 74.15% LTV & 80.00% LTC, presenting 1.36 DSCR.