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Repeat borrower and experienced investor looking to refinance existing debt on subject property located in Florence, SC and pull a small amount of cash-out to fund other investments. The property appraised for $139k As-Is and a CDA was ordered to confirm the value was acceptable. Two sponsors on the loan, each with good credit, and bank statements evidence upwards of $80k in liquidity. Loan structured and priced in accordance with the qualification model. Total loan amount 80% LTV.
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