Miami Shores Fix and Flip Loan

In February of 2016, Refresh funded a $235000 hard money loan for a multi-family unit fix & flip project in Miami Shores. The purchase price was $244270. The Borrower plans to complete the rehab and flip back onto the market for $394935, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned …