Recently Funded Fix & Flip Loan In Euclid, Ohio

Loan Scenario:

This fix and flip loan covers a detached single-family home in Euclid, Ohio. Specifically, the investor purchased the property for $125,000, supported by a rehab budget of $25,100. American Heritage Lending provided $135,000 in funding, structured as a True Zero Point Loan with a 12-month interest-only term. As a result, the loan carries a Loan-to-Cost (LTC) of 90% and a Loan-to-After Repair Value (LTARV) of 67.50%. Notably, the completed property is expected to reach an After Repair Value (ARV) of $200,000.

The borrower, an experienced investor, planned a broad rehab across a controlled budget. First, the project begins with demo and plumbing rough-in. Then, the crew addresses windows, sliders, and HVAC updates. From there, interior work includes drywall, tape, texture, and a full repaint. Next, the kitchen receives new cabinets, hardware, and a countertop upgrade. Additionally, new flooring and tile run throughout the home. Furthermore, updated electrical finishes, lighting, and new appliances complete the inside. Finally, landscaping and decking round out the scope.

Euclid sits along the Lake Erie shoreline as an inner-ring suburb of Cleveland. Consequently, the area benefits from direct access to Cleveland’s job centers and transit routes. Moreover, much of Euclid’s housing stock dates to the mid-20th century, which drives steady demand for updated homes. As a result, homes in Euclid have been selling faster than the prior year, with Ohio markets drawing national attention heading into 2026.

Overall, this deal shows how American Heritage Lending supports experienced investors with high-leverage, zero-point funding. Specifically, the True Zero Point Loan structure kept upfront costs low while covering nearly 90% of total project costs. Therefore, the borrower maintained cash on hand for future deals while taking on a full-scope rehab.