Recently Funded Fix & Flip Loan In Delphi, Indiana

Loan Scenario:

This fix and flip loan features a detached single-family property located in Delphi, Indiana. Specifically, the professional investor purchased the home for $120,000 with a $40,000 rehab budget. American Heritage Lending provided $136,000 in financing, structured as a True Zero Point Loan. Notably, the loan carries a Loan-to-Cost (LTC) of 85.00% and a Loan-to-After Repair Value (LTARV) of 61.82%. Additionally, the 12-month interest-only term gives the borrower room to complete the rehab and prepare the home for resale. Once finished, the property is expected to reach an After Repair Value (ARV) of $220,000.

First, the borrower plans to install a new furnace and A/C system to update the home’s climate control. Next, the project includes adding a new upstairs bathroom and completing general drywall repairs. From there, the kitchen will receive a full remodel with new appliances.

The borrower will also refresh the existing bathroom and install new LVP and carpet flooring throughout. Finally, fresh paint will complete the interior, and the team will remove the exterior shed to improve the lot’s overall use.

Delphi specifically benefits from affordable price points and proximity to Lafayette and West Lafayette. As a result, updated homes in this market tend to attract steady interest from local buyers and those moving from higher-cost areas. Consequently, this project aligns well with current demand in the region.

Overall, this deal shows how American Heritage Lending supports professional investors in smaller, opportunity-driven markets. Specifically, the True Zero Point Loan structure removed upfront discount points from the equation. As a result, the borrower kept cash available while taking on a well-defined scope of work. Furthermore, the controlled 61.82% LTARV supports a clear path from purchase to finished resale.