Borrower looking to rate/term refinance a single-family property located in Kansas City, KS. Property was appraised for $250K as-is & a CDA confirmed the value was acceptable. Property is currently receiving monthly rent of $2,300 where the market rent was estimated at $2,200/month. Sponsor on the loan has excellent credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Loan is structured at 77.90% LTV presenting 1.35 DSCR.
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