Check Out This Property in Markham, IL!

Repeat borrower looking to rate/term refinance the subject property which is located in Markham, IL and hold for long-term rental income. Subject is a single family rental currently leased for $3,825 per month which is above the market rates per the appraiser's estimate. Subject was appraised for $271k As-Is and a CDA confirmed the value was acceptable. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Total loan amount 75.00% LTV with 1.72 DSCR.