Repeat borrower and highly experienced investor looking to acquire the subject property located in Maplewood, NJ with the intention of spending $425k on rehab before reselling. The subject was appraised for $530k As-Is and the ARV of $1.535m evidences a strong ROI for borrower of nearly 60%. Sponsor on the loan has excellent credit and bank statements reflect sufficient liquidity to meet the reserve requirement. Loan structured at 90% LTC and 90% LTV, with the total loan amount at 58.8% of ARV.