Repeat borrower looking to purchase this property located in Gary, IN to hold for long-term income. The property is currently vacant with an estimated market rent of $1,500/month per the appraiser’s estimate. Property was appraised for $125k as-is with a CDA ordered confirming the value. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the deal’s reserve requirement. Total loan amount 76.2% LTV with 1.85 DSCR.