Successful Fix and Flip in Homestead

In October of 2015, Refresh funded a $71,760 hard money loan for a single family residence fix & flip project in Homestead. The purchase price was $119600. The Borrower plans to complete the rehab and flip back onto the market for $139904, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned …

The Math Behind a Fix-and-Flip Hard Money Loan

Fix-and-Flips can be quick and simple with a reliable hard money lender. The anatomy is simple and the costs are minimized with a fast rehab. To understand the simple math of a fix and flip here is a standard loan Rehab Funding made with an investor in 2015. Partnering with Refresh Funding, in August of 2015, the homeowner bought a Homestead  property …

Successful Flip-and-Fix in Homestead

In April of 2016, Refresh funded a $70,875 hard money loan for a single family residence fix & flip project in Homestead. The purchase price was $118716. The Borrower plans to complete the rehab and flip back onto the market for $150269, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned …

How to have a Successful Fix and Flip

  Partnering with Refresh Funding, in August 2015, a homeowner bought a Homestead property for $86,100. It took 150 days, with only $1,525 in closing costs for a total acquisition cost of $87,625 and investing $17,094 in rehabilitation cost. The investor paid 12% to borrow for 150 days for a total debt service cost of $114,737. With Refresh Funding supplying a …