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Experienced Borrower looking to pull cash out of the subject property, an SFR rental located in Smyrna, GA that they have owned for several years and currently being used as an AirBnB. The property appraised for $240k As-Is and a CDA was ordered and confirms the value is acceptable. Sponsors on the loan with average credit of 692 and good liquidity. Total loan amount 70% LTV with 1.10 DSCR.
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