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 at $196,400 and acquire a $43,379 profit, creating a 28.34% 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.