Recently Funded Fix And Flip Loan In Canton, Ohio
Loan Scenario:
An investor with like-kind experience partnered with American Heritage Lending to acquire a single-family home in Canton, Ohio that needed only light cosmetic work to reach its full value. With a $220,000 after-repair value and a modest $10,000 scope — flooring, paint, drywall over old paneling, trim, and exterior updates — we funded a fix and flip loan of $145,620 at 90% loan-to-cost and roughly 66% LTARV. The 12-month interest-only structure gave the borrower ample room to complete a quick turn and exit to sale.
Canton anchors Stark County in northeast Ohio, best known as the home of the Pro Football Hall of Fame and a manufacturing base that keeps housing affordable and rental demand steady. Its low entry prices and healthy spread between purchase and resale values make it a proven market for cosmetic flips and value-add plays.
A light scope and strong margin set this borrower up for a fast, profitable turn. Discover Ohio fix and flip opportunities and start your financing with American Heritage Lending.
Similar Recently Funded Case Studies: Fix & Flip Loan in Pleasant Hill, OH • Fix & Flip Loan in Columbus, OH • Fix & Flip Loan in Harlingen, TX
Key Deal Points
| Address | Canton, OH |
| Loan Type | Fix and Flip – Purchase |
| Borrower Profile | Experienced |
| Property Type | Single Family Detached |
| Appraised Value | $151,800 |
| Rehab Budget | $10,000 |
| After Repair Value | $220,000 |
| Loan Amount | $145,620 |
| LTC | 90.00% |
| LTARV | 66.19% |
| Term | 12-Month Interest-Only |
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