Fix & Flip, Buy and Hold Opinion

[Cameron Parr]

Hey BP Investors,

I am a newbie and wanted some insight into a deal I am putting together for a SFH buy and hold that needs some rehab. I got some numbers from a lender. Any input on another lender with better numbers or does this sound like the best I can get? My Credit score is 769. Property selling for $85,000 with ARVs $180,000. Are the points paid at closing or at the end of the deal when I refinance out?

Projected borrow amount $125,000

13 months repay loan at 12% interest rate       $1,153 Month

3.5 pts $4,375

10% down $12,500

Thanks,

Cameron