Someone emailed me these terms for a loan. Can you tell me if this is a god deal?

Property Type: Residential and Commercial, investor properties only

Lien Position: First Mortgage only

Loan Amount: $25,000 Minimum to $500,000+

Funding Rate: Up to 70% of the After-Repaired-Value (ARV)

Standard Term: 12 months with monthly extensions possible.

Standard Interest: Typically 13.75% with no payment due in the first month. Rate is based on borrower’s credit score and experience.

Standard Points: Typically 4 points. Points can be rolled into loan balance. Points are based on borrower’s credit score and experience.

Closing Costs: Costs incurred to close the transaction, including lender’s legal fee, title insurance, recording costs, etc, will be paid by borrower, however, these costs can be rolled into the loan balance.

Rehab Funds: Rehab funds are released in a series of draws as work is completed. Rehab portion of the loan typically not to exceed acquisition cost.

Guarantee: Personal guarantee required.

Loan Docs: After-Repaired-Value Appraisal (obtained by Onward Financial)
(for each loan) Purchase and Sales Agreement
Summary of Rehab Work to be completed
Title Policy (obtained by Onward Financial)
Hazard Insurance

Quick Funding: Once a borrower has been approved, funding of investment properties can occur as quickly as 5 days. No borrower re-qualification is required for subsequent transactions.