---
title: Have You Seen This Deal in Euclid, OH?
description: Borrower looking to cash out refinance 3 long-term rental properties located in Euclid, OH into a 30Y LTR portfolio. Each of the properties are free & clea
---

[RCN Capital Blog ](https://rcncapital.com/blog)

# [Have You Seen This Deal in Euclid, OH?](https://rcncapital.com/blog/have-you-seen-this-deal-in-euclid-oh)

 Written by [RCN Capital](https://rcncapital.com/blog/author/rcn-capital) | 4:00 AM on October 4, 2022

Borrower looking to cash out refinance 3 long-term rental properties located in Euclid, OH into a 30Y LTR portfolio. Each of the properties are free & clear. They are combinedly appraised for a total of $377k as-is and all units are leased for a total $3,725/month which is above the total market rent of $3,585/month. Two Sponsors are Foreign National and bank statements reflect sufficient liquidity to close. Loan is structured at 60.00% LTV presenting 1.58 DSCR.

[View full post](https://rcncapital.com/blog/have-you-seen-this-deal-in-euclid-oh)

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