Lauderhill Fix and Flip

In May of 2016, Refresh funded a $80,400 hard money loan for a single family residence fix & flip project in Lauderhill. The purchase price was $136986. The Borrower plans to complete the rehab and flip it back onto the market for $178252, 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.