In October of 2014, Refresh funded a $250,000 hard money rehab loan for a single family residence fix & flip project in Miami Beach. The purchase price was $1500000. The Borrower plans to complete the rehab and flip back onto the market for $2000000, so the loan-to-value (LTV) is 50%. The loan term is 1 year. The loan was made to a seasoned borrower and was the 1st loan the borrower has closed from Refresh Funding.