Recently Funded Fix And Flip Loan In Clinton, Iowa
Loan Scenario:
A newer investor with strong credit and one verified project set out to acquire and rehabilitate a three-unit property in Clinton, Iowa, and turned to American Heritage Lending to make the numbers work. Even with a limited track record, the deal’s fundamentals were sound — a $65,000 purchase against a $110,000 after-repair value with a modest $25,410 rehab budget — so we structured a fix and flip loan of $76,500 at roughly 85% loan-to-cost and under 70% LTARV. The 12-month interest-only, True Zero Point structure gave the borrower room to complete the drywall, flooring, trim, exterior, and drainage work before refinancing into a long-term hold.
Clinton sits on the Mississippi River in eastern Iowa, a historic river town where affordable multi-family stock and steady blue-collar rental demand let investors build cash-flowing small portfolios with relatively little capital. For a first-time small-multi operator, the three-unit format offers a forgiving entry point with multiple income streams under one roof.
By pairing sensible leverage with a refinance exit, this borrower took a meaningful first step toward scaling. See how Iowa investors get started and prequalify for financing with American Heritage Lending.
Similar Recently Funded Case Studies: Fix & Flip Loan in Columbus, OH • Fix & Flip Loan in Pleasant Hill, OH • Fix & Flip Loan in Harlingen, TX
Key Deal Points
| Address | Clinton, IA |
| Loan Type | Fix and Flip – Purchase |
| Borrower Profile | Limited Experience |
| Property Type | 3 Units |
| Appraised Value | $65,000 |
| Rehab Budget | $25,410 |
| After Repair Value | $110,000 |
| Loan Amount | $76,500 |
| LTC | 84.61% |
| LTARV | 69.55% |
| Term | 12-Month Interest-Only |
| Loan Structure | True Zero Point Loan |
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