Recently Funded Fix & Flip Loan In Palm Harbor, FL
Loan Scenario:
American Heritage Lending recently funded this fix and flip loan in Palm Harbor Florida for an experienced real estate investor. The loan of $350,000 encompasses 100% LTC, funding both the $260,000 purchase price and the complete $90,000 scope of work for renovations. The scope of work for this 4 bed/3 bath fix and flip loan is extensive, essentially a gut renovation of this home originally built in 1980. The rehab plan includes interior demolition, remodeling all bathrooms, modernizing and repairing the ceiling throughout, replacing the flooring with luxury vinyl plank, replacing the interior and exterior doors, as well as a brand new kitchen with modern cabinets, stainless steel appliances, and new countertops.
Key Deal Points
| Address | Palm Harbor, FL |
| Loan Type | Fix & Flip |
| Borrower Profile | Experienced Investor |
| Property Type | Single Family Detached |
| Purchase Price | $260,000 |
| Rehab Budget | $90,000 |
| After Repair Value | $600,000 |
| Loan Amount | $350,000 |
| Loan To Cost (LTC) | 100% |
| Loan To ARV (LTARV) | 58% |
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