Recently Funded Fix & Flip Loan In St. Petersburg, Florida

Loan Scenario:

This fix and flip loan features a single-family home in St. Petersburg, Florida. The borrower, an investor with limited experience, bought the property for $291,900. Also, the project carries a rehab budget of $17,700. American Heritage Lending then provided $262,500 in financing as a True Zero Point Loan. As a result, the deal carries a Loan-to-Cost (LTC) of 84.79% and a Loan-to-After Repair Value (LTARV) of 70.00%. The home also has an After Repair Value (ARV) of $375,000. Notably, the 12-month interest-only term gives the borrower time to finish the work at a steady pace.

The home only needs light updates to reach market condition. First, the project starts with new tile flooring in key areas. Then, new drywall goes in where old boards came out, with full taping and finishing to match existing walls. Next, the kitchen gets new upper and lower cabinets with fresh hardware. Finally, neutral interior paint ties all the updates together for a clean, polished look.

St. Petersburg continues to draw steady buyer interest, mainly for updated single-family homes. Also, the market has shifted toward more balanced conditions in recent months. So a clean, well-prepped flip at this price point fits well with current demand.

Overall, this deal shows how American Heritage Lending supports growing investors with zero-point, high-leverage financing. The True Zero Point structure also removed upfront discount costs. As a result, the borrower kept more cash on hand for the rehab and future deals.