Fix-and-Flip Math for Fort Lauderdale Property

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Partnering with Refresh Funding, in June of 2016, the homeowner bought a Fort Lauderdale  property for $366,099. It took 151 days and investing $73,400 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 285,000 hard money loan, the investor was able to sell the property at $565,000 and acquire a $69,927 profit, creating a 15.16% return on investment.

 

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. It is Refreshing to know that the bank is not your only solution– 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.

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