Repeat investor looking to cash-out refinance their 5-property portfolio in Jacksonville, FL and hold it for long-term rental income. The portfolio consists of 5 single-family rentals ranging from $150k to $250k as-is with a CDA confirming the values were acceptable. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement for this project. Loan structured and priced in accordance with the LTR model. Total loan amount 74% LTV with 1.29 DSCR.