Loan Scenario:

American Heritage Lending funded a $774,000 fix and flip loan on a single-family detached home in Golden Valley, Minnesota, for a professional-level investor with ten confirmed fix and flip projects exited between 2023 and 2026. This was a full-scope renovation of a substantial home: acquired at a $735,000 as-is value with a $125,000 rehab budget targeting a $1,100,000 after-repair value. Specifically, the work spanned mechanical and cosmetic systems alike — electrical and plumbing trim, a new water heater, a full HVAC change-out, drywall repair, interior and exterior paint, a Level 2 kitchen remodel with new cabinets, countertops and backsplash, appliances, three full bathroom remodels, and new flooring throughout. Notably, the deal was structured on a 12-month interest-only term at a high 97.97% loan-to-cost and a well-contained 70.36% loan-to-after-repair-value.

Golden Valley is a sought-after inner-ring suburb bordering Minneapolis to the west, prized for its proximity to downtown, established neighborhoods, and easy highway access. Demand for updated single-family homes in this pocket of the Twin Cities remains strong, and the roughly $365,000 spread between acquisition and projected resale reflects the appetite for turnkey product here. Because the borrower’s exit is a sale, the extensive mechanical and finish work is designed to deliver a fully modernized home to a competitive buyer pool. As a result, this Minnesota project pairs an experienced operator with a well-located asset.

Similar Recently Funded Case Studies: Fix & Flip Loan in Saint Paul, MN  •  Fix & Flip Loan in Youngsville, LA  •  Fix & Flip Loan in Mcallen, TX

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