Private money lender, scam?

[Chris Kendrick]

Just wondering if this private money lender is to good to be true, i found it on my facebook group, its from crown lending with website at loandirectllc.com, they ask me if i had a property yet , i told them no, i just said pp- 120k, rhab- 40k, all in at 160k they said 

LOAN REPAYMENT SCHEDULE 

Loan Balance:$160,000.00 
Adjusted Loan Balance:$160,000.00 
Loan Interest Rate:3%
Loan Term: 30 years
Monthly Loan Payment:$674.57
Number of Payments:360
Cumulative Payments:$242,843.13
Total Interest Paid:$82,843.13

80% ltv on Rehab and this is 100% financing so no cash out refinancing

Note: The monthly loan payments was calculated at 360 payments of $674.57
IF YOU TOTALLY AGREE WITH THE TERMS LISTED ABOVE, KINDLY SUBMIT A SCAN COPY OF YOUR VALID ID CARD AND A RECENT PROOF OF INCOME RECEIPT FOR VERIFICATION BEFORE WE PROCEED FURTHER WITH APPROVING THIS LOAN. 


Your Satisfaction Is Our Priority.

Anyone have ides

[Jay Hinrichs]

I will be more direct.. this is hands down a fake lender full stop..