Recently Funded Fix & Flip Loan In Hurricane, WV
Loan Scenario:
American Heritage Lending recently funded this fix and flip loan in Hurricane, West Virginia. The total loan amount for this new property purchase and renovation loan is $115,770. The property is being purchased for $125,000 with a $11,200 scope of work against a future value of $185,000. The scope of work for renovations to this single family property include minimal curb appeal work, drywall repairs, new kitchen appliances, refinishing the hardwood floors, minor bathroom upgrades, and other cosmetic upgrades throughout.
Key Deal Points
| Address | Hurricane, WV |
| Loan Type | Fix & Flip |
| Borrower Profile | Moderately Experienced Investor |
| Property Type | Single Family Detached |
| Purchase Price | $125,000 |
| Rehab Budget | $11,200 |
| After Repair Value | $185,000 |
| Loan Amount | $115,770 |
| Loan To Cost (LTC) | 85% |
| Loan To ARV (LTARV) | 63% |
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