In June of 2015, Refresh funded a $325,000 bridge loan for a single family residence fix & flip project in West Palm Beach. The purchase price was $500000. The Borrower plans to complete the rehab and flip back onto the market for $600000, so the loan-to-value is 65%. The loan term is 1 year. The loan was made to a …
West Palm Beach- Hard Money Loan
In March 2016, Refresh funded a $900000 hard money loan for a commercial property fix & flip project in West Palm Beach. The purchase price was $2300000. The Borrower plans to complete the rehab and flip back onto the market for $2400000, so the loan-to-value is 39%. The loan term is 1 year. The loan was made to a seasoned …
Rehab Loan in West Palm Beach
In April of 2015, Refresh funded a $120000 hard money loan for a multi-family unit fix & flip project in West Palm Beach. The purchase price was $200000. The Borrower plans to complete the rehab and flip back onto the market for $260000, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a …