Is this a good deal?

[Malvin Cuevas]

I spoke to a lender, and this is the information he gave me. Is this a good deal

"We fund 100% of construction and acquisition up to 65% of the ARV. We can approve the same day and close in 24hrs. Normally we are about 1.167% per month for a 12 month note. The money is 4 points at the table".

USE OF FUNDS

PURCHASE OR REFINANCE ($ 75,000.00) Purchase Price

RECORDATION TAX 0.40%

TRANSFER TAX 0.40%

LENDER LEGAL FEES ($ 725.00) estimate

TITLE INSURANCE & CLOSING ($ 1,500.00) estimate

DUE DILIGENCE ($ 400.00) Valuation/Inspection

LESS: DUE DILIGENCE

LENDER FEE ($ 2,800.00) 0.04

FUNDING FEE ($ 995.00)

FLAT REFERRAL FEE

REHAB RESERVE ($ 40,000.00) Construction holdback

PROPERTY TAXES ($ -  ) estimate

HAZARD INSURANCE ($ 850.00) estimate

CONSTRUCTION DRAWS $150 EACH ($ 750.00) 5

INTEREST RESERVE:

Broker Fee

TOTAL ($ 123,020.00)