● Value: $270,000
● Rent: $1,699/month
● Loan Payment: $1,478.46/month
● Loan Amount: $215,200
● Loan Initiation: 10/26/22
● Term: 360 months, $215,200
● Loan Type: ARM 5/1 Libor with 5/2/5 Caps, 5-year interest-only, 30-year term
● Margin: 6%
● Rate: 6.75
● Improvements: New HVAC, kitchen cabinets and appliances, LVT flooring, bathroom updates, interior and exterior paint, new doors and trim, new windows, new roof, structural support, all new mechanicals, HVAC, electrical, and plumbing.
● Updated Value Justification: Based on recent appraisal adjustments from the
appraisal at 1279 Redford Drive, Atlanta GA 30315.