Recently Funded Fix And Flip Loan In Minneapolis, Minnesota

Loan Scenario:

American Heritage Lending closed a $269,840 fix-and-flip loan on a single-family detached home in Minneapolis, Minnesota, backing a first-time investor stepping into a full-scale rehab. The property appraised at $240,000 going in, carries a $70,000 renovation budget, and projects to a $400,000 after-repair value. We funded the deal at 80% loan-to-cost and 67.46% of ARV on a 12-Month Interest-Only term, giving the borrower room to work without carrying a heavy monthly principal load.

The scope of work reads like a top-to-bottom rebuild: architectural and structural plans, permits, trash-out and demolition, then rough framing, sheathing, and a new roof, followed by full plumbing, electrical, and HVAC systems, insulation, drywall, interior paint, and new flooring throughout. Because we underwrite the asset and the business plan rather than a long resume, we set the draw schedule to release funds as each stage is completed, keeping a new operator on pace and pointed toward a clean refinance exit into a long-term hold.

Minneapolis anchors the northern half of the Twin Cities and runs on one of the most diversified economies in the Midwest. It is home to a striking concentration of major employers, including Target, U.S. Bancorp, General Mills, Xcel Energy, and the medical-device engine around Medtronic, while the University of Minnesota feeds a steady stream of students and young professionals into the rental pool. The famous chain of lakes, deep park system, and walkable neighborhoods keep demand sticky, and prices remain reasonable against the coasts. Renovated single-family stock in solid neighborhoods rarely sits long here.

This was a first project structured to succeed: modest leverage against ARV, a clear rehab plan, and an exit AHL helped map from day one.

Similar Recently Funded Case Studies: Fix & Flip Loan in Colorado Springs, CO  •  Fix & Flip Loan in Jackson, MS  •  Fix & Flip Loan in Tyler, TX

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