In October of 2015, Refresh funded a $128,520 hard money loan for a single-family residence fix & flip project in Hialeah. The purchase price was $214,200. The Borrower plans to complete the rehab and flip back onto the market for $239,860, so the loan-to-value is 60%. The loan term is 1 year. The loan was made to a seasoned investor, and it was the 2nd loan the borrower has closed from Refresh Funding.
Take a look at our before and after the rehab:
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.