Loan Scenario:

American Heritage Lending funded a $117,736 Fix and Flip purchase loan on a single-family detached home in Rome, New York, giving a first-time investor the capital to buy and renovate a distressed property in the Mohawk Valley. The home carried an as-is value of $76,500 and an after-repair value of $200,000. Against a rehab budget of $62,013, the loan closed at 85% loan-to-cost and 58.87% loan-to-after-repair-value. That leaves a wide margin between total project cost and the projected finished value. Notably, this was structured as a True Zero Point Loan, so no origination points were charged at closing. The 12-month interest-only term keeps carrying costs low while the renovation is underway.

This structure suits a first-time flipper. Because the deal is underwritten on the project rather than a long resume, an investor with no prior experience could still access high-leverage capital. The interest-only payment frees up cash to pour into the rehab instead of principal.

First, the crew demos the existing kitchen and living-area finishes and cleans the space. Then it installs carbon-fiber wall supports in the basement and paints and epoxy-finishes the foundation walls. Next comes a full kitchen — cabinets, hardware, granite countertops, backsplash, and tile flooring. From there, the team refinishes hardwood, lays roughly 1,000 square feet of luxury vinyl plank, and adds LVP treads across 13 stairs. Finally, it handles lighting and electrical updates, an accent wall and fireplace, and four new interior doors.

Rome anchors Oneida County in Central New York’s Mohawk Valley. Its economy has reorganized around Griffiss Business and Technology Park, the former Griffiss Air Force Base, now home to the Air Force Research Laboratory’s Information Directorate — the region’s cybersecurity and defense-tech hub — along with employers such as Assured Information Security and Revere Copper. Steady defense and manufacturing payrolls, plus prices well below downstate metros, keep housing in demand.

Overall, this deal shows how American Heritage Lending backs investors with practical high-leverage financing. A measured cost basis, a strong after-repair spread, and a zero-point structure give a first-time flipper a clean runway to execute and exit.

Similar Recently Funded Case Studies: Fix & Flip Loan in Goshen, NY  •  Fix & Flip Loan in Brookhaven, PA  •  Fix & Flip Loan in East Bend, NC

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