Partnering with Refresh Funding, in August of 2015, the homeowner bought a Biscayne Gardens Â property for $147,800. It took 150 days and investing $21,100 in rehabilitation cost. The investor paid 12% Â for a total debt service cost of $186,808. With Refresh Funding supplying a 103,460 hard money loan, the investor was able to sell the property at $318,000 and acquire a $112,112 profit, creating a 60.01% return on investment.
If you need a fast loan, Refresh Funding can provide Florida-based loans for individuals seeking Rehab loans for Fix and Flips. Refresh offers fix and flip rates starting at 9.99% for a 12 month term or rental loan rates starting at 7.99% for 36 month terms. We like to think of ourselves as your choice for Private Mortgage Funding & Lending. It is Refreshing to know that the bank is not your only solution– Refresh Funding.