Recently Funded Fix And Flip Loan In Monticello, Indiana
Loan Scenario:
American Heritage Lending funded a $148,800 fix-and-flip purchase loan on a single-family detached home in Monticello, Indiana, giving a professional investor the leverage to acquire and renovate in one move. The home carried an as-is value of $110,000 and an after-repair value of $225,000, with a $50,000 rehab budget guiding the scope. Against those numbers the loan closed at 93% loan-to-cost and roughly 66.13% loan-to-after-repair-value, high-leverage terms that keep the investor’s cash in the deal to a minimum. The structure runs 12 months, interest-only, which frees up monthly cash flow to focus on the renovation rather than principal. It was also written as a True Zero Point Loan, trimming costs at closing. With ten properties behind them, the borrower brings the track record this kind of leverage rewards.
The scope of work is a full cosmetic and systems refresh. First comes a clean-out and hauloff to clear the property. Then the crew replaces the door and lays new flooring throughout. Next come the mechanical upgrades — a new electric panel and HVAC system. From there the project moves into the kitchen and bathrooms, with new appliances, drywall repair, and fresh interior paint. Finally, a full cleaning readies the home for resale.
Monticello is the seat of White County and the hub of Indiana’s Twin Lakes region, wrapped around Lake Freeman and Lake Shafer. Those reservoirs, built for NIPSCO’s Oakdale and Norway hydroelectric dams, drive a summer tourism economy anchored by the Indiana Beach amusement park on Lake Shafer. That lakefront draw supports both seasonal visitors and year-round residents, and home prices well below Indianapolis and Lafayette keep the area attractive to buyers looking for value within reach of both.
Overall, this deal shows how American Heritage Lending backs professional builders with practical high-leverage financing — aggressive loan-to-cost, an interest-only bridge, and a clear renovation runway. For an experienced flipper, that means acquiring, improving, and exiting with minimal capital tied up.
Similar Recently Funded Case Studies: Fix & Flip Loan in Edinburgh, IN • Fix & Flip Loan in East Chicago, IN • Fix & Flip Loan in Brookhaven, PA
Key Deal Points
| Address | Monticello, IN |
| Loan Type | Fix and Flip – Purchase |
| Borrower Profile | Professional |
| Property Type | Single Family Detached |
| Appraised Value | $110,000 |
| Rehab Budget | $50,000 |
| After Repair Value | $225,000 |
| Loan Amount | $148,800 |
| LTC | 93.00% |
| LTARV | 66.13% |
| Term | 12-Month Interest-Only |
| Loan Structure | True Zero Point Loan |
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