Recently Funded Fix & Flip Loan In Lafayette, Indiana

Loan Scenario:

This fix and flip loan features a detached single-family property located in Lafayette, Indiana. Additionally, the professional investor acquired the home for $200,000 with a $15,000 rehab budget. As a result, American Heritage Lending provided $199,950 in total financing. Consequently, the loan carries a Loan-to-Cost (LTC) of 93.00% and a Loan-to-After Repair Value (LTARV) of 67.78%. Furthermore, the loan is set up as a True Zero Point Loan with a 12-month interest-only term. Moreover, the property carries an After Repair Value (ARV) of $295,000 once the rehab is finished.

The borrower, a professional real estate investor, planned a focused cosmetic renovation to prepare the home for resale. Therefore, the rehab centers on flooring, paint, and cleanup rather than structural work. Because the scope is limited and well-defined, the project supports a fast turnaround and efficient use of capital. Furthermore, the True Zero Point structure allows the investor to keep more cash available across their broader portfolio.

First, the renovation begins with removing all belongings left behind and disposing of old materials. Then, the investor will install new carpet in the bedrooms, hallway, and stairs. Next, the crew will place luxury vinyl plank flooring in the kitchen, living room, and family room. Finally, the team will apply fresh paint throughout and complete a full final cleanup to prepare the property for market.

Lafayette continues to benefit from steady buyer demand, supported by its location near Purdue University and a growing local economy. Specifically, updated homes in established neighborhoods attract consistent interest from both owner-occupants and investors. As a result, light-rehab projects with clean finishes remain well-placed in this market. Moreover, the area’s lower price point compared to larger Indiana metros adds to its appeal for value-focused buyers.

Overall, this transaction demonstrates how American Heritage Lending supports professional investors with high-leverage, low-friction financing. Specifically, the True Zero Point Loan structure paired with 93% LTC funding allows experienced borrowers to execute efficiently. As a result, the investor can move quickly on a light-rehab project while keeping upfront costs minimal. Furthermore, maintaining a conservative 67.78% LTARV provides a strong equity cushion throughout the project.