West Palm Beach- Hard Money Loan

In March 2016, Refresh funded a $900000 hard money loan for a commercial property fix & flip project in West Palm Beach. The purchase price was $2300000. The Borrower plans to complete the rehab and flip back onto the market for $2400000, so the loan-to-value is 39%. The loan term is 1 year. The loan was made to a seasoned …

Loan-to-Value (LTVs) what does it mean?

The loan-to-value ratio (LTV ratio) is a value that reveals the mortgage amount in comparison to the actual value of the property. It gives an assessment of lending risk for lenders or banks to examine in approving a mortgage. What does this mean? Usually the higher the LTV the higher the risk is to the lender; as a result, it …

Successful Miami Hard-Money Loan

In December of 2015, Refresh funded a $225000 hard money private equity loan for a single family residence fix & flip project in Miami. The purchase price was $600000. The Borrower plans to complete the rehab and flip back onto the market for $670000, so the loan-to-value is 36%. The loan term is 1 year. The loan was made to …

Succesful Hard-Money Loan in Fort Lauderdale

In March of 2016, Refresh funded a $950000 hard money loan for a single family residence refinance project in Fort Lauderdale. The purchase price was $2120000. The Borrower plans to complete the rehab and flip back onto the market for $2500000, so the loan-to-value is 43%. The loan term is 1 year. The loan was made to a seasoned investor, …

What is a Pre-payment Penalty? Should you Have to Pay It?

  A pre-payment penalty is a fee that establishes the terms in which a mortgage lender or a bank has with the borrower that puts re strictions on the amount and time that the borrower can pay off that loan. It is originally used by lenders to ensure a certain amount of interest payments per month, for example, taking 80% …

Single-Family Rehab Loan

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 …

Recently Closed Fix and Flip Loans

Last Month, Refresh funded a $20,000 hard money loan for a single family residence rehab property project in Miami. The purchase price was $79000. The Borrower plans to complete the rehab and flip back onto the market for $95000, so the loan-to-value is 25%. The loan term is 1 year. The loan was made to a seasoned borrower, and was …

Hard Money Loan- Boynton Beach

In June of 2015, Refresh funded a $100,000 hard money loan for a single family residence fix & flip project in Boynton Beach. The purchase price was $300000. The Borrower plans to complete the rehab and flip it back onto the market for $380,000 with a loan-to-value ratio of 26%. The loan term is 1 year. The loan was made to …

The Math Behind a Successful Fix-and-Flip

Partnering with Refresh Funding, in August 2015, the homeowner bought a Miami Gardens  property for $117,075. It took 148 days and investing $20,162 in rehabilitation cost. The investor paid 12% to borrow for 150 days for a total debt service cost of $153,081. With Refresh Funding supplying a $81,952.50 hard money loan, the investor was able to sell the property …