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New client, cash out refinancing a SFR located in Rochester, NY. This property was acquired for $81.5K in March 2021, and it is currently appraised for $155K as-is (CDA Confirmed) and is leased in line with the market rent at $1,500/month on a Month-by-month basis. Loan is structured at 65% LTV presenting 1.46 DSCR.
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