---
title: Take A Look at This Property in Mooresville, NC!
description: Borrower looking to acquire the subject property which is located in Mooresville, NC. The subject property is currently vacant (raised condition for post-c
---

[RCN Capital Blog ](https://rcncapital.com/blog)

# [Take A Look at This Property in Mooresville, NC!](https://rcncapital.com/blog/take-a-look-at-this-property-in-mooresville-nc)

 Written by [RCN Capital](https://rcncapital.com/blog/author/rcn-capital) | 4:00 AM on April 5, 2022

Borrower looking to acquire the subject property which is located in Mooresville, NC. The subject property is currently vacant (raised condition for post-closing lease agreement and the appraiser's estimated Market Rent $3,500/Month. The property appraised for $1,334k As-Is and a CDA confirmed the value was acceptable. Sponsor has a good credit with a mid-score of 715 and bank statements reflects the balance of $746,975.33 in liquidity. Total loan amount 47.6% LTC and 44.6% LTV with 1.10 of DSCR.

[View full post](https://rcncapital.com/blog/take-a-look-at-this-property-in-mooresville-nc)

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