In November of 2015, Refresh funded a $150,000 hard money loan for a single family residence fix & flip project in Miami. The purchase price was $138000. The Borrower plans to complete the rehab and flip back onto the market for $180000, so the loan-to-value is 83%. The loan term is 1 year. The loan was made to a seasoned investor, and it was the 1st loan the borrower has closed from Refresh Funding.