In June of 2015, Refresh funded a $325,000 bridge loan for a single family residence fix & flip project in West Palm Beach. The purchase price was $500000. The Borrower plans to complete the rehab and flip back onto the market for $600000, so the loan-to-value is 65%. The loan term is 1 year. The loan was made to a seasoned borrower, and was the 1st loan the borrower has closed from Refresh Funding.
If you need a fast loan, Refresh Funding can provide Florida-based loans for individuals seeking Rehab loans for Fix and Flips. Refresh offers fix-and-flip rates starting at 9.99% for a 12-month term or rental loan rates starting at 7.99% for 36-month terms. We like to think of ourselves as your choice for Private Mortgage Funding & Lending.