In April, 2015, YC Funding closed a $150,000 hard money loan for a single family home fix & flip project in Miami, FL. The purchase price was $140,000. The Borrower plans to complete the rehab and flip back onto the market for $280,000, so the loan-to-value is 50%. The loan term is 1 year. The loan was made to a seasoned borrower who has closed multiple loans from YC Funding or one of its affiliates.