In January this year, Refresh funded a $185,850 hard money loan for a single-family residency fix & flip project in Olympia Hieghts. The purchase price was $265500. The Borrower plans to complete the rehab and flip back onto the market for $311061, so the loan-to-value is 70%. 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
Below are pictures of the before-and-after of the fix-and-flip
Before the Rehab:
After the Rehab:
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.