Recently Funded Fix & Flip Loan In Leominster, MA

Loan Scenario:

This project highlights a fix and flip loan for a single-family property in Leominster, Massachusetts. The investor purchased the home for $312,000, with a renovation budget of $102,700. American Heritage Lending provided $373,230 in financing, resulting in a Loan-to-Cost (LTC) of 90.00% and a Loan-to-After Repair Value (LTARV) of 74.65%.

Upon completion, the property is expected to reach an After Repair Value (ARV) of $500,000. The financing was structured with no origination points, offering the investor a cost-effective solution while maximizing leverage.

The investor, an experienced borrower, took on a comprehensive renovation designed to modernize the property inside and out. Exterior upgrades included landscaping for improved curb appeal, foundation repairs with added drainage solutions, new doors and windows, and a replacement garage door. The home also received siding and paint enhancements to further boost its presentation.

Interior renovations were extensive. The project began with demolition and cleanup, followed by drywall repair, fresh paint, and new trim throughout. Kitchens and bathrooms were reimagined with new cabinetry, countertops, tile, and modern appliances.

Flooring was replaced with durable luxury vinyl plank across the main living areas, while bathrooms received new tile for both style and longevity. Additional updates included electrical and plumbing improvements, HVAC servicing, and upgraded fixtures for a polished final look.

Leominster’s housing market remains steady, with consistent demand for move-in-ready homes and properties that balance updated aesthetics with functional layouts. Renovations of this scope appeal to both buyers and potential long-term renters, making refinance a smart strategy for the investor.

This transaction is another example of how American Heritage Lending partners with experienced investors to provide high-leverage financing solutions that cover both acquisition and renovation costs; helping them reposition properties for long-term portfolio growth through refinance strategies.