70.4% Loan to Value- Fix and Flip in Miami

In August of 2015, Refresh funded a $245,000 hard money loan for a single family private money residence fix & flip project in Miami. The purchase price was $290000. The Borrower plans to complete the rehab and flip back onto the market for $348,000, so the loan-to-value is 70.4%. The loan term is 1 year. The loan was made to a seasoned borrower, and was the 1st loan the borrower has closed from Refresh Funding.

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