Recently Funded Fix And Flip Loan In Saint Petersburg, FL

Loan Scenario:

This project highlights a fix-and-flip loan for a single-family property in Saint Petersburg, Florida. The investor purchased the home for $215,000, with a renovation budget of $73,950. A total loan amount of $260,055 was secured through American Heritage Lending, resulting in a Loan-to-Cost (LTC) ratio of 90% and a Loan-to-After Repair Value (LTARV) ratio of 64.69%.

The home is projected to reach an After Repair Value (ARV) of $402,000 once renovations are completed. The investor, who brings prior experience to the table, focused the renovation on a mix of interior and exterior improvements designed to enhance both functionality and curb appeal.

Interior work includes rebuilding a damaged wall, repairing drywall, repainting the home, and fully updating the kitchen with new cabinets, countertops, and appliances. The primary bathroom is being rebuilt, and the electrical panel is being replaced to bring the home up to modern standards. Additional upgrades include pest control treatment, HVAC work, window treatments, and redoing the driveway—ensuring the home is clean, safe, and market-ready from the inside out.

Saint Petersburg’s real estate market continues to show solid demand, particularly for turnkey properties that are priced right and thoughtfully renovated. Inventory remains competitive across the Tampa Bay region, and updated homes in desirable neighborhoods continue to attract strong buyer interest.

This deal is a strong example of how American Heritage Lending supports experienced investors executing value-driven flips in competitive Florida markets, offering tailored financing that allows them to move quickly, stay focused, and bring upgraded properties to market with confidence.