Loan Scenario:

A newer investor with one verified project already behind them partnered with American Heritage Lending to acquire and renovate a single-family home in Port Richey, Florida, and we delivered a fix and flip loan that covered both the purchase and the full rehab. With an as-is value of $180,000 and a $36,850 scope of work spanning demolition, new plumbing, HVAC and electrical rough-ins, fresh kitchen cabinets, countertops, tile flooring and appliances, the project was positioned to reach a $265,000 after-repair value. We funded $184,322 at 85% loan-to-cost and a comfortable 69.56% loan-to-ARV, with rehab draws released as work was completed — giving the borrower the leverage to execute without tying up personal reserves.

Port Richey sits on Florida’s Gulf Coast in Pasco County, part of the greater Tampa Bay market where steady population growth and relative affordability continue to attract both renters and resale buyers. Updated, move-in-ready homes in this price band tend to move quickly, which makes a well-scoped renovation an attractive play for an investor building momentum. This deal shows how the right Florida leverage can turn a dated property into a profitable exit. Thinking about your next flip? Explore financing with our team today.

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