Recently Funded Fix & Flip Loan In Albuquerque, New Mexico

Loan Scenario:

This fix and flip loan features a single-family home in Albuquerque, New Mexico. The borrower is a professional investor with a proven track record. As a result, this buyer earned access to high-leverage financing. Specifically, the investor paid $185,000 for the home and set a rehab budget of $45,000. From there, American Heritage Lending funded $230,000. Thus, the loan carries a Loan-to-Cost (LTC) of 100.00%. Moreover, the loan holds a Loan-to-After Repair Value (LTARV) of 69.70%. Furthermore, the loan uses a 12-month interest-only term. Therefore, the borrower has room to finish on a clear timeline. Ultimately, the home should reach an After Repair Value of $330,000.

Initially, the project starts with exterior work. However, the bulk of the budget targets the interior. Specifically, the kitchen and both bathrooms get a full remodel. Moreover, new flooring and fresh paint go in throughout. Furthermore, the scope covers HVAC, mechanical, and electrical updates. As a result, the home gains modern systems. Finally, new doors, trim, windows, and a backup reserve round out the plan.

Meanwhile, Albuquerque continues to draw steady buyer demand. Specifically, well-shown homes still move at a measured pace. Moreover, tight supply in popular price points keeps fresh homes in favor. As a result, a move-in-ready home fits this market well.

Overall, this deal shows how American Heritage Lending backs professional investors with full project-cost funding. Specifically, AHL funded 100% of the cost while holding a firm 69.70% LTARV. As a result, the borrower kept cash on hand to manage the work. Furthermore, this structure gives investors a clear path to grow.