Miami Gardens Fix and Flip Loan

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Two months ago, Refresh funded a $100000 loan for a purchase and rehab project in Miami Gardens. The purchase price was $185000. The Borrower plans to complete the rehab and flip back onto the market for $225000, so the loan-to-value is 54%. The loan term is 1 year. The loan was made to a seasoned investor and was the second loan the borrower has closed from Refresh Funding.

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