In May of 2015, Refresh funded a $35,000 hard money loan for a single-family residence fix & flip project in Miami Gardens. The purchase price was $74000. The Borrower plans to complete the rehab and flip back onto the market for $100000, so the loan-to-value is 35%. 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 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. It is Refreshing to know that the bank is not your only solution– Refresh Funding.