Repeat and Experienced Borrower looking to purchase the subject property located in Spring Hill, FL. Subject is a SFR currently vacant with an appraiser’s estimate of market rent is at $1,450/Month. The property was appraised for $164k as-is and a CDA was obtained to confirm the value. Two Sponsors on the loan have decent credit and bank statements reflect sufficient liquidity to meet the reserve requirement for this project. Loan structured and priced in accordance with the LTR model. Total loan amount 76.82% LTV and 80% LTC with 1.23 DSCR.