Almost a year ago in August 2015, Refresh funded a $74,970 hard money loan for a single-family residence fix & flip project in Miami Gardens. The purchase price was $124950. The Borrower plans to complete the rehab and then flip it back onto the market for $153578, so the loan-to-value is 60%. 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 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.