Recently Funded Fix & Flip Loan In Los Lunas, New Mexico

Loan Scenario:

This fix and flip loan involves a single-family home in Los Lunas, New Mexico. The investor, a professional with a proven track record, bought the home for $70,000 with a rehab budget of $18,200. American Heritage Lending then provided $88,200 in funding. In fact, the loan carries a Loan-to-Cost (LTC) of 100.00% and a Loan-to-After Repair Value (LTARV) of 39.20%. Also, the loan uses a 12-month interest-only term. So the borrower has room to finish the project on a clear timeline. Once done, the home should reach an After Repair Value (ARV) of $225,000.

The scope of work covers a focused set of upgrades to refresh the home inside and out. First, the project starts with a full clean-out. Then, plumbing repairs address key systems. From there, the home gets a full repaint inside and out. Next, new flooring, updated lighting, and new appliances round out the work. Also, these updates make the home a move-in-ready option.

Los Lunas sits just south of Albuquerque and still draws steady buyer interest. Also, the area appeals to buyers who want space and value near the metro. Home values in the region also trend upward. As a result, updated homes here sell well.

Overall, this deal shows how American Heritage Lending supports professional investors with full project-cost funding. AHL also covered 100% of the cost while holding a low 39.20% LTARV. As a result, the borrower kept cash on hand to manage the build and take on new deals.