New borrower looking to purchase the subject property located in Linden, NJ for $430,000 and complete $49,800 worth of rehab. Subject was appraised for $450,000 as-is and an ARV of $610,000 presents healthy return potential on the project. Sponsor on the loan has good credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Loan structured at 91% LTC & 90% LTV, with the total loan amount at 71% of ARV.