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Repeat and experienced investor seeking purchase of a 4-unit property located in Fulton, NY. The property was acquired for $115,000 with $11,750 worth of rehab completed on it. The property was appraised for $120,000 as-is and an ARV of $200,000 evidences a strong ROI of 53.61% for the investor. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the deal’s reserve requirement. Loan structured at 91% LTC & 90% LTV, with the total loan amount at 57% of ARV.