EX-99.38 39 ea02137701_ex99-38.htm INCENTER BUSINESS PURPOSE SUPPLEMENT

Exhibit 99.38

 

TPR Firm: #VALUE! Report Date: 9/25/2024                                                                                                                                                                            
Client Name: Deephaven Mortgage Report: Business Purpose Supplement                                                                                                                                                                            
Deal Name: DRMT 2024-1 Loans in report: 4                                                                                                                                                                            
                                                                                                                                                                                     
Incenter Loan ID Client Loan ID Seller Loan ID Investor Loan ID Seller Name Loan Program Documentation Type Executed NOO Docs in File Lease In Place Flag Actual In Place Rent Third Party Market Rent Estimate Third Party Rent Source Actual Short Term Rent Amount Actual Short Term Rent Source Short Term Rent Number of Months Short Term Rental Occupancy Factor Rental Income Used for Property DSCR Calculation Rental Source for Property DSCR Calculation DSCR Calculation Based On Short Rental Income Flag Property DTI Originator DSCR TPR DSCR PITIA Gross Rental Income Unit 1 Lease End Date Unit 1 Lease Term Unit 1 Gross Rental Income Unit 2 Lease End Date Unit 2 Lease Term Unit 2 Gross Rental Income Unit 3 Lease End Date Unit 3 Lease Term Unit 3 Gross Rental Income Unit 4 Lease End Date Unit 4 Lease Term Unit 4 Gross Rental Income Unit 5 Lease End Date Unit 5 Lease Term Unit 5 Gross Rental Income Unit 6 Lease End Date Unit 6 Lease Term Unit 6 Gross Rental Income Unit 7 Lease End Date Unit 7 Lease Term Unit 7 Gross Rental Income Unit 8+ Rent Loss Insurance Rent Loss Insurance Amount Fee Amount Acquisition Cost Renovation Cost Effective Gross Income Turnover Costs Repairs and Maintenance Marketing and Leasing Costs Utilities Other Costs Cap Ex Reserve Section 8 Blanket Mortgage/Cross Collateral Flag Number of Years Property Owned Number of Mortgaged Properties With Lender Number of Properties Securing Loan Foreign National Alternative Credit Documentation Months Reserves Loan Closed in the name of Business Entity Vested Business Entity Name Vested Business Entity Type Qualifying Primary Borrower Type Qualifying Primary Borrower First Name Qualifying Primary  Borrower  Last Name Qualifying CoBorrower Type Qualifying CoBorrower First Name Qualifying CoBorrower Last Name Qualifying CoBorrower 2 Type Qualifying CoBorrower 2 First Name Qualifying CoBorrower 2 Last Name Qualifying CoBorrower 3 Type Qualifying CoBorrower 3 First Name Qualifying CoBorrower 3 Last Name Non-Qualifying Guarantor 1 First Name Non-Qualifying Guarantor 1 Last Name Non-Qualifying Guarantor 1 Citizenship Non-Qualifying Guarantor 1 Country Name Non-Qualifying Guarantor 2 First Name Non-Qualifying Guarantor 2 Last Name Non-Qualifying Guarantor 2 Citizenship Non-Qualifying Guarantor 2 Country Name Personal Guaranty Total Number of Guarantors Personal Guaranty Recourse Level Business Entity EIN
293706 XXX   XXX XXX Elite NQM DSCR Debt Service Coverage Ratio Present No 0 4500 Appraisal - 1007         4500 Appraisal - 1007 No XXX XXX XXX XXX                                             Yes XXX       XXX               No XXX 1 1   XXX No     Vested Individual XXX XXX   XXX XXX                               0    
304787 XXX   XXX XXX Expanded DSCR Debt Service Coverage Ratio Present No 0 2350 Appraisal - 1007         2350 Appraisal - 1007 No XXX XXX XXX XXX                                             Yes XXX       XXX               No XXX 2 1 N/A XXX No     Vested Individual XXX XXX   XXX XXX                               0