Take A Look At This Property in Montgomery, AL!

New client looking for additional funds to acquire the SFR subject property in Montgomery, AL for $136K. Property is in average condition, appraised for $147K as-is and CDA is confirmed this value. Currently subject is vacant, with the rental market appraised value at $1.4K/Month. Sponsor on the loan has excellent credit score and excellent liquidity to close the deal. Loan is structured at 74% LTV and 80% of LTC presenting 1.41 DSCR.