Borrower was looking to pull cash-out of the subject property, a two-unit property located in Newark, NY. Each unit is currently rented for $1,100/month, which is right in line with market rent per the appraiser's estimate. The subject was appraised for $140k As-Is and a CDA confirmed the value was acceptable. Sponsors on the loan have good credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Loan structured and priced in accordance with the qualification model. Total loan amount 75% LTV with 2.00 DSCR.