Tamarac Fix & Flip Loan

In January of 2016, Refresh funded a $63,780 hard money loan for a single family residence fix & flip project in Tamarac. The purchase price was $106300. The Borrower plans to complete the rehab and flip it back onto the market for $150877, 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.

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