RCN Capital Blog

Have You Seen This Property in Grovetown, GA?

Written by RCN Capital | May 6, 2022 4:00:00 AM

Borrower is looking to cash out on subject property located in Grovetown, GA. Subject property is appraised for $227k as-is. Two sponsors on the loan have mixed credit with mid-score of 678 & 798. Loan is structured in accordance with the qualification model. The loan has 75% LTV presenting 1.35 DSCR.