Borrowers are looking to cash out on subject property located in Columbus, OH to hold for long-term rental loan. Subject is an SFR borrower acquired it for $107k in 2021 and spent over $20k on renovation before placing tenant in it, and is currently leased for $1,250 per month which is below the market rates per the appraiser’s estimate. Subject appraised for $168k As-Is. Two Sponsors has the loan with Excellent credit with a mid-score of 800; Bank statements reflect sufficient liquidity to meet the reserve requirement. Loan structured and priced in accordance with the qualification model. Total loan amount 65% LTV with 1.36 DSCR.