Successful Fix and Flip in Homestead

In October of 2015, Refresh funded a $71,760 hard money loan for a single family residence fix & flip project in Homestead. The purchase price was $119600. The Borrower plans to complete the rehab and flip back onto the market for $139904, 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.

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