New client, under contract to purchase a SFR located in Kenmore, NY for $175K with intentions to add $75K in rehab (including foundation repair) and then resell. Property is appraised for $182K as-is with an estimated ARV of $293k projecting a 14% ROI. Sponsor has good credit and bank statements evidence sufficient liquidity to meet the reserve requirement. Loan is structured at 74.3/100/70 priced in accordance with the qualification model.