Olympia Heights Fix and Flip

In January this year, Refresh funded a $185,850 hard money loan for a single-family residency fix & flip project in Olympia Hieghts. The purchase price was $265500. The Borrower plans to complete the rehab and flip back onto the market for $311061, so the loan-to-value is 70%. 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

Below are pictures of the before-and-after of the fix-and-flip

Before the Rehab:

Screenshot 2016-07-19 13.22.39

After the Rehab:

Screenshot 2016-07-19 11.25.14

 

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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