Recently Funded Fix And Flip Loan In Rome, New York

Loan Scenario:

American Heritage Lending funded a fix-and-flip purchase in Rome, New York for a first-time flipper tackling a well-scoped renovation. The borrower acquired a single-family home appraised at $76,500 with a $62,013 rehab budget targeting a $200,000 after-repair value, and the $117,736 loan came in at 85% loan-to-cost and a conservative 58.87% loan-to-after-repair value. Structured as a True Zero Point Loan on a 12-month interest-only term, the financing covered both the purchase and the renovation with no points added at closing.

Even with zero prior flip experience and no franchise affiliation, the borrower brought a detailed, realistic scope of work — from foundation carbon-fiber wall supports and a new kitchen with granite and custom cabinetry to LVP and refinished hardwood flooring, an accent-wall fireplace, and updated electrical and lighting. The wide spread between total project cost and after-repair value gave the deal a strong margin, with a clean sell exit planned once the rehab wraps.

Rome sits in the Mohawk Valley of central New York, where low acquisition costs and renewed investment tied to the region’s growing semiconductor and defense-technology employers are drawing renovation activity and supporting after-repair values. Affordable entry points like this one leave real room for a first-time flipper to profit. AHL’s fix and flip loan program supports investors across New York, and first-time flippers can begin their financing here.

Similar Recently Funded Case Studies: Fix & Flip Loan in Vidor, TX  •  DSCR Loan in Oswego, NY  •  DSCR Loan in Oneida, NY

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