Take A Look At This Property in Kathleen, GA!

Repeat borrowers looking to cash out refinance a recently renovated property located in Kathleen, GA. This is a single-family home currently rented for $3,500/month which is higher than the market rent per the appraiser's estimate of $1,900. The subject property was appraised for $299k As-Is, with a CDA confirming the value was acceptable. Sponsors on the loan have good credit and bank statements reflect sufficient liquidity to meet the debt service requirement. Loan structured and priced in accordance with the qualification model. Total loan amount 75% LTV, 73.58% LTC and 1.16 DSCR.