The Math Behind a Fix-and-Flip Hard Money Loan

Fix-and-Flips can be quick and simple with a reliable hard money lender. The anatomy is simple and the costs are minimized with a fast rehab. To understand the simple math of a fix and flip here is a standard loan Rehab Funding made with an investor in 2015. Partnering with Refresh Funding, in August of 2015, the homeowner bought a Homestead  property …

Reason to go All-In on a Rehab

Slapping on a new coat of paint and cutting the grass does not make a fix-and-flip a fix-and-flip. It is worth investing in a true renovation. if properly executed, the seller of a fix and flip can charge lots more money selling someone their dream house then a half-done home, and then the buyer would be exceedingly pleased with the …

Housing Bubble, you Again?

In the wake of 2008 Housing Crisis in South Florida, many fear the current market is in a bubble. Looking at the median sales price for homes in Miami, Florida in the graph below, the trend for 2016 looks eerily similar to the one that was approaching 2007. But before, abandoning your property there are many differences in the real …

Hard Money Loan Funded In Miami

In February of 2015 , Refresh funded a $100,000 hard money loan for a single family home fix & flip project in Miami, Fl. The purchase price was $135000. The Borrower plans to complete the rehab and flip back onto the market for $195000, so the loan-to-value is 74%. The loan term is 1 year. The loan was made to …

Fix-and-Flip Math for Fort Lauderdale Property

Partnering with Refresh Funding, in June of 2016, the homeowner bought a Fort Lauderdale  property for $366,099. It took 151 days and investing $73,400 in rehabilitation cost. The investor paid 12% to borrow for 150 days for a total debt service cost of $153,081. With Refresh Funding supplying a 285,000 hard money loan, the investor was able to sell the …

Private Lender Funding for Fix-and-Flip in Kendall Lakes

Here is an example of a successful fix and flip in Kendal Lakes. BEFORE: AFTER: In April of 2016, Refresh funded a $174,200 hard money loan for a multi-family unit fix & flip project in Miami. The purchase price was $268000. The Borrower plans to complete the rehab and flip back onto the market for $349744, so the loan-to-value is …

Miami Shores Fix and Flip Loan

In February of 2016, Refresh funded a $235000 hard money loan for a multi-family unit fix & flip project in Miami Shores. The purchase price was $244270. The Borrower plans to complete the rehab and flip back onto the market for $394935, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned …

Successful Flip-and-Fix in Homestead

In April of 2016, Refresh funded a $70,875 hard money loan for a single family residence fix & flip project in Homestead. The purchase price was $118716. The Borrower plans to complete the rehab and flip back onto the market for $150269, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned …

How Scary are Second Mortgages?

These days, taking out a second mortgage has become negatively connotated. But, what exactly are the pitfalls to taking a second mortgage? Second mortgages allow you to not take out a personal loan, but instead tie an installment loan to the property, leveraging your home further with another lien. Another benefit to second mortgages is that the interest is also …

Successful Pompano Beach Rehab Loan

In April of 2016, Refresh funded a $72000 hard money loan for a multi-family unit fix & flip project in Pompano Beach. The purchase price was $129427. The Borrower plans to complete the rehab and flip back onto the market for $184791, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned …