In February , Refresh funded a $420000 Cash Out Refinance loan for a single family investment property project in Ft. Lauderdale. The purchase price was $665000. The Borrower plans to finish the rehab and rent it out for $665000, so the loan-to-value is 63%. The loan term is 1 year. The loan was made to a seasoned borrower, and was the 2nd loan the borrower has closed from Refresh Funding.
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.