Condo on Biscayne BLVD Funded By Refresh

In April of 2015, Refresh funded a $130,000 hard money loan for a Condo fix & flip project on Biscayne BLVD, Miami, FL. The purchase price was $250000. The Borrower plans to complete the rehab and flip back onto the market for $380000, so the loan-to-value is 52%. The loan term is 1 year. The loan was made to a seasoned borrower, and was the 4th loan the borrower has closed from Refresh Funding .

 

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