In October of 2015, Refresh funded a $90,000 hard money loan for a single family residence fix & flip project in Miami. The purchase price was $215000. The Borrower plans to complete the rehab and flip back onto the market for $300000, so the loan-to-value is 30%. The loan term is 1 year. The loan was made to a seasoned borrower, and it was the first loan the borrower has closed from Refresh Funding.