Rehab Loan Funded in Miami

In August of 2015, Refresh funded a $135,000 hard money loan for a single family residence fix & flip project in Miami. The purchase price was $270000. The Borrower plans to complete the rehab and flip it back onto the market for $290000, so the loan-to-value is 50%. The loan term is one year. The loan was made to a seasoned investor, and it was the second loan the borrower has closed from Refresh Funding.

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