Experienced borrower seeking to cash out the subject property located in Syracuse, NY. Borrower completed 25K in renovations and the property is now leased for $2400/mo. Property was appraised for 220K as-is and a CDA was ordered to confirm the value is acceptable. Sponsor on the loan has good credit and bank statements verify sufficient liquidity to meet the reserve requirement for the deal. Total loan amount 75% LTV with 1.25 DSCR.