Recently Funded Fix & Flip Loan In Richmond, Virginia

Loan Scenario:

This fix and flip loan features a detached single-family property located in Richmond, Virginia. Specifically, the professional investor purchased the home for $310,000, supported by a rehab budget of $16,225. American Heritage Lending funded $293,602, structured as a True Zero Point Loan, resulting in a Loan-to-Cost (LTC) of 90.00% and a Loan-to-After Repair Value (LTARV) of 74.33. Additionally, the loan is set up as a 12-month interest-only facility. Upon completion, the property is projected to reach an After Repair Value (ARV) of $395,000.

First, the project addresses drywall repair throughout the home. Then, the full interior receives fresh paint, giving the property a clean, move-in-ready feel. From there, work shifts to flooring new LVT flooring downstairs and all-new carpet upstairs. Next, the kitchen cabinets receive a full repaint. Finally, the scope covers porch repair and paint on both the front and back, completing the exterior refresh.

Richmond continues to attract steady buyer demand, particularly for updated, move-in-ready homes. Notably, home prices in Richmond were up 5.4% year-over-year as of early 2026, with a median sale price of $401,000. Furthermore, the market benefits from strong institutional anchors, including Virginia Commonwealth University and its health system, which drive consistent housing demand in the area. Consequently, well-presented renovated homes in the 23223 zip code are well-positioned to attract qualified buyers quickly.

Overall, this deal demonstrates how American Heritage Lending supports professional investors with high-leverage funding. Specifically, the True Zero Point Loan structure at 90% LTC allows the investor to deploy capital efficiently without upfront discount points. As a result, the borrower preserves cash across their portfolio while executing a focused, cosmetic renovation. Furthermore, the 12-month interest-only term provides flexibility to complete and sell without unnecessary payment pressure.