Recently Funded Fix & Flip Loan In Moss Point, Mississippi

Loan Scenario:

This fix and flip loan features a single-family home in Moss Point, Mississippi. Specifically, the investor bought the property for $68,500 with a rehab budget of $56,000. Notably, American Heritage Lending provided $105,000 in financing as a True Zero Point Loan with a 12-month interest-only term. As a result, the loan carries a Loan-to-Cost of 84.34% and a Loan-to-After Repair Value of 70.00%. Also, the property holds an After Repair Value of $150,000.

The borrower is an investor with limited experience. In fact, the rehab budget nearly matches the purchase price. Therefore, this is a deep value-add project. Also, the True Zero Point Loan removes upfront discount points. As a result, the borrower can preserve cash and focus on the build process.

First, the project starts with site prep and demo work. Then, the crew handles framing and carpentry repairs. From there, new flooring goes in throughout the home. Next, the kitchen gets full updates. Also, both bathrooms receive complete makeovers. In addition, electrical and plumbing systems get upgrades. The exterior also receives repairs along with tree removal. Finally, interior finishes prepare the home for resale.

Moss Point sits along Mississippi’s Gulf Coast, just minutes from Pascagoula and Biloxi. Notably, the area offers price points well below national averages. Moreover, updated homes in this market draw steady buyer interest. As a result, a renovated home at this price point fits well with local demand.

Overall, this project shows how American Heritage Lending supports investors with limited experience. Specifically, AHL paired accessible financing with zero upfront discount points. As a result, the borrower can enter the market with lower costs. Also, this structure helps newer investors focus on the renovation and build toward future projects.