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 …
Successful Rehab Loan in Miami Gardens
Before Refresh loan: After Refresh loan: In August of 2015, Refresh funded a $74,970 hard money loan for a single-family residence fix & flip project in Miami Gardens. The purchase price was $124950. The Borrower plans to complete the rehab and flip back onto the market for $153578, so the loan-to-value is 60%. The loan term is 1 year. The …
Miami Gardens- Rehab Loan
Almost a year ago in August 2015, Refresh funded a $74,970 hard money loan for a single-family residence fix & flip project in Miami Gardens. The purchase price was $124950. The Borrower plans to complete the rehab and then flip it back onto the market for $153578, so the loan-to-value is 60%. The loan term is 1 year. The loan was made …
Miami Gardens Fix and Flip
In December of 2015, Refresh funded a $66,120 hard money loan for a single family residence fix & flip project in Miami Gardens. The purchase price was $110200. The Borrower plans to complete the rehab and flip it back onto the market for $134241, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a …
Successful Miami Gardens Fix and Flip
 In May of 2015, Refresh funded a $35,000 hard money loan for a single-family residence fix & flip project in Miami Gardens. The purchase price was $74000. The Borrower plans to complete the rehab and flip back onto the market for $100000, so the loan-to-value is 35%. The loan term is 1 year. The loan was made to a …
The Math Behind a Successful Fix-and-Flip
Partnering with Refresh Funding, in August 2015, the homeowner bought a Miami Gardens  property for $117,075. It took 148 days and investing $20,162 in rehabilitation cost. The investor paid 12% to borrow for 150 days for a total debt service cost of $153,081. With Refresh Funding supplying a $81,952.50 hard money loan, the investor was able to sell the property …