In December of 2015, Refresh funded a $250000 hard money loan for a single family residence fix & flip project in Miami Shores. The purchase price was $350000. The Borrower plans to complete the rehab and flip back onto the market for $600000, so the loan-to-value is 71%. The loan term is 1 year. The loan was made to a seasoned investor, and was the 1st loan the borrower has closed from Refresh Funding.