Successful Miami Fix and Flip Loan Project

In January this year, Refresh funded a $159,300 hard money loan for a single-family residence fix & flip project in Miami. The purchase price was $265500. The Borrower plans to complete the rehab and flip back onto the market for $309349, 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.

Leave a Reply

Your email address will not be published. Required fields are marked *