In April of 2015, Refresh funded a $120000 hard money loan for a multi-family unit fix & flip project in West Palm Beach. The purchase price was $200000. The Borrower plans to complete the rehab and flip back onto the market for $260000, so the loan-to-value is 60%. 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.