In May of 2015, Refresh funded a $165,000 hard money loan for a single family residence fix & flip project in Miami. The purchase price was $177000. The Borrower plans to complete the rehab and flip back onto the market for $230000, so the loan-to-value is 50%. The loan term is 1 year. The loan was made to a seasoned borrower, and it was the first loan the borrower has closed from Refresh Funding.