In August of 2015, Refresh funded a $70240 hard money loan for a single-family residence fix & flip project in Miami Gardens. The purchase price was $117075. The Borrower plans to complete the rehab and flip back onto the market for $152881, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned borrower, and it was the 1st loan the borrower has closed from Refresh Funding. Check out the before and after pictures below:
Before Refresh loan:
After Refresh loan:
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.