Repeat client, cash out refinancing a SFR located in Washington, PA and completed some renovations per appraisal report for $34K. Property is in good condition, appraised for $150K as-is (CDA pending). Subject is currently vacant with an appraised market rent of $1,100/Month. Sponsors on the loan have good credit score and good liquidity to close the deal. Loan is structured at 70% LTV presenting 1.08 DSCR.
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