This is a heavy duty homemade trailer made by someone who knew what they were doing.
It's a little ugly, but well-balanced and tows like a dream. Has some surface rust, but nothing integral. It has 2 new spare tires, LED lights, new wiring, and creosote boards for the flooring, so it will handle heavy loads and won't rot. Very strong built in ramps, as well.
It does NOT have brakes, and is easy to pull when correctly hooked up.