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New client looking for a Rate/Term refinance on the subject property located in North Richland Hills, TX. Subject was acquired for $200K in March 2024 and some renovations were completed on it. Property is in an excellent condition, appraised for $304K as-is and CDA is confirmed as Is value. Subject is currently leased with a tenant in place. Sponsor on the loan has an excellent credit score and sufficient liquidity to close the deal. Loan is structured at 80.00% LTV presenting 1.05 DSCR.