Borrower looking to cash out on existing debt on subject property located in Rome, GA and hold it to long term loan. Subject is an SFR currently leased for $1,000 per month which is below the market rates per the appraiser’s estimate $1,450/month. Subject appraised for $161k As-Is and a CDA confirmed the value was acceptable. Major sponsor on the loan with excellent credit with a mid-score of 760; Bank statements reflect sufficient liquidity to meet the reserve requirement. Loan structured and priced in accordance with the qualification model. Total loan amount 69.10% LTV with 1.10 DSCR.