Repeat client is rate/term refinancing a 4-family unit in Sachse, TX which was purchased for $586K in October 2022. Property is in average condition and is appraised for $571K as-is with a CDA confirming the value. 3/4 units are leased for a total of $4,100/month. Sponsor has good credit and liquidity to close. Loan is structured at 80% LTV presenting 1.18 DSCR.
- Property Type : SFR
- Loan Type : Bridge Loan, Rehab Loan
- State : Arizona, California, Ohio, Texas
- City : Oakland Hills
- Funded Amount : $680,000
