Fix and Flip Rehab in Tampa

In January, Refresh funded a $85000 hard money loan for a single family residence fix & flip project in Tampa. The purchase price was $140,000. The Borrower plans to complete the rehab and flip back onto the market for $395000, so the loan-to-value is 36%. The loan term is 1 year. The loan was made to a seasoned borrower, and …