---
title: Have You Seen This Home in St. Petersburg, FL?
description: New client cash out refinancing a SFR in St. Petersburg, FL which has an outstanding balance of about $453K. Property is appraised for $725K as-is and CDA
---

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

# [Have You Seen This Home in St. Petersburg, FL?](https://rcncapital.com/blog/have-you-seen-this-home-in-st-petersburg-fl)

 Written by [RCN Capital](https://rcncapital.com/blog/author/rcn-capital) | 4:00 AM on November 1, 2021

New client cash out refinancing a SFR in St. Petersburg, FL which has an outstanding balance of about $453K. Property is appraised for $725K as-is and CDA report confirmed the value is acceptable. Subject is leased $750 above market rent at $5K/month. Sponsor has good credit and liquidity to close this deal. Loan is structured at 75% LTV with 1.24 DSCR.

[View full post](https://rcncapital.com/blog/have-you-seen-this-home-in-st-petersburg-fl)

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