Before and After: Hard Money Miami Rehab Loan

In December of 2015, Refresh funded a $84940 hard money loan for a single-family residence fix & flip project in Miami. The purchase price was $144,900. The Borrower plans to complete the rehab and flip it back onto the market for $168,844, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned borrower, and it was the 1st loan the borrower has closed from Refresh Funding. Here are the pictures of the BEFORE and AFTER

Before Refresh:

Screenshot 2016-07-21 09.47.50

After Refresh:

Screenshot 2016-07-21 09.49.11 Screenshot 2016-07-21 09.49.52

 

If you need a fast loan, Refresh Funding can provide Florida-based loans for individuals seeking rehab loans for fix-and-flips. Refresh offers fix and flip rates starting at 9.99% for a 12-month term or rental loan rates starting at 7.99% for 36-month terms. We like to think of ourselves as your choice for Private Mortgage Funding & Lending.

Leave a Reply

Your email address will not be published. Required fields are marked *