New investor seeking a cash out refinance on this property located in Springfield, MA. Subject property was appraised for $292k as-is with a CDA confirming the value was acceptable. It is currently occupied generating a monthly rent of $2800 which is slightly below the estimated market rent but still healthy. Sponsor on the loan has good credit history and bank statements reflect sufficient liquidity to meet the deal’s reserve requirement. Total loan amount 73% LTV with 1.49 DSCR.