In December of 2015, Refresh funded a $208,000 hard money loan for a single family residence fix and flip project in Fort Lauderdale. The purchase price was $341000. The Borrower plans to complete the rehab and flip back onto the market for $410879, so the loan-to-value is 65%. 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.
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. We like to think of ourselves as your choice for Private Mortgage Funding & Lending.