An experienced investor is looking to rate and term refinance this single-family property located in North Chesterfield, VA. The property is currently rented for $2,000 per month, which is slightly above the market rate per the appraiser’s estimate. Subject was appraised for $270k as-is with a CDA confirming the value was acceptable. The borrower has good credit and excellent liquidity which is sufficient to meet the reserve requirement for the project. Total loan amount 80.00% LTV presenting 1.11 DSCR.
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