In June of 2016, Refresh funded a $159000 hard money loan for a single family residence fix-and-flip project in Miami. The purchase price was $265000. The Borrower plans to complete the rehab and flip back onto the market for $325288, 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.
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. We like to think of ourselves as your choice for Private Mortgage Funding & Lending. It is Refresh-ing to know that the bank is not your only solution.