Rehab Loan in Bird Road Area

In September, Refresh funded a $195,000 rehab loan for a single family residence fix & flip project in Bird Road. The purchase price was $260,000. The Borrower plans to complete the rehab and flip back onto the market for $350,000, so the loan-to-value is 75%. The loan term is 1 year. The loan was made to a seasoned borrower, and …

Three Ways to Expedite Selling your Home

Sometimes for whatever reason, you may want to quickly sell a home. It could be that you inherited the home and don’t want to deal with it or are moving soon or any other of the plethora reasons. Here are a three things you can do to expedite the process.   Skip partnering with a real estate agent. Real estate …

Successful Miami Fix and Flip Loan Project

In January this year, Refresh funded a $159,300 hard money loan for a single-family residence fix & flip project in Miami. The purchase price was $265500. The Borrower plans to complete the rehab and flip back onto the market for $309349, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned borrower, …

Should you Sell to the Cash Buyer?

Ever see signs and people marketing “We Buy Houses for Cash?”   To some individuals it may be irrelevant, but to others who are headed towards the foreclosure of their home, this may be the ideal deal. Let’s break down the benefits and the disadvantages to doing so:   The benefits include a fast sale (around seven days) without hassle …

60.1% Biscayne Gardens Return on Investment

  Partnering with Refresh Funding, in August of 2015, the homeowner bought a Biscayne Gardens  property for $147,800. It took 150 days and investing $21,100 in rehabilitation cost. The investor paid 12%  for a total debt service cost of $186,808. With Refresh Funding supplying a 103,460 hard money loan, the investor was able to sell the property at $318,000 and …

Housing Bubble, you Again?

In the wake of 2008 Housing Crisis in South Florida, many fear the current market is in a bubble. Looking at the median sales price for homes in Miami, Florida in the graph below, the trend for 2016 looks eerily similar to the one that was approaching 2007. But before, abandoning your property there are many differences in the real …

Successful Miami Hard-Money Loan

In December of 2015, Refresh funded a $225000 hard money private equity loan for a single family residence fix & flip project in Miami. The purchase price was $600000. The Borrower plans to complete the rehab and flip back onto the market for $670000, so the loan-to-value is 36%. The loan term is 1 year. The loan was made to …

Succesful Hard-Money Loan in Fort Lauderdale

In March of 2016, Refresh funded a $950000 hard money loan for a single family residence refinance project in Fort Lauderdale. The purchase price was $2120000. The Borrower plans to complete the rehab and flip back onto the market for $2500000, so the loan-to-value is 43%. The loan term is 1 year. The loan was made to a seasoned investor, …