New client, cash out refinancing a three-family residence located in Pittsfield, MA. Subject was acquired for $150k in April 2022. Property is now in an average condition, appraised for $180K as-is (CDA confirmed the value was acceptable) and two units are leased out of three generating monthly rents of $1,800. An appraiser estimated the market rent of whole property to be around $2,700/Month. Two sponsors on the loan have excellent credit and sufficient liquidity to meet debt service. Loan is structured at 75% LTV presenting 1.86 DSCR with 3 Years prepay.