Don't Miss This Property in Griffith, IN!

Repeat borrower looking to cash out on the subject property located in Griffith, IN and hold for long-term rental income. Subject is a single-family rental currently leased for $3,300/month, which is equal to the market rate per the appraiser's estimate ($3,300.00). Subject was appraised for $390k as-is and a CDA confirmed the value was acceptable. Sponsor on the loan has excellent credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Total loan amount 75% LTV presenting 1.43 DSCR.