Last Month, Refresh funded a $20,000 hard money loan for a single family residence rehab property project in Miami. The purchase price was $79000. The Borrower plans to complete the rehab and flip back onto the market for $95000, so the loan-to-value is 25%. The loan term is 1 year. The loan was made to a seasoned borrower, and was the 1st loan the borrower has closed from Refresh Funding.