100% Financing Opportunity

[Logan Hassinger]

I have a current project lined up that I'm looking to use  CraigBrokerage.com for. It will be an unsecured loan for the full purchase price of 125k. They first verify income then proceed with funding approval. Once approval is granted and you are notified, a $750 attorney fee is due. The funds are leases to me with 48 hours and an additional 1-3% is taken off the top. The loan terms are at 3% for 12 years. My plan is to hold for 12 months then refi the hard money out and worst case sell the property. 

Has anyone heard of this company based out of Florida, or seen terms like this?

Is the attorney fee reasonable or even warranted? What are everyone's thoughts?

Also the deal looks like this:

125k loan, rents $1700, Variable exp 28% of rents, taxes 142/month, Insurance 75/month and debt service of 1035/month.  Property management makes up 8% which will be done by myself.