Recently Funded Fix & Flip Loan In Thomasville, North Carolina

Loan Scenario:

This fix and flip loan covers a single-family property in Thomasville, North Carolina. The investor purchased the home for $152,000, backed by a $46,000 rehab budget. American Heritage Lending provided $184,140 in funding, resulting in a Loan-to-Cost (LTC) of 93.00% and a Loan-to-After Repair Value (LTARV) of 70.82%. The property carries an After Repair Value (ARV) of $260,000. Additionally, the loan features a 12-month interest-only term, giving the borrower room to complete the project on a clear timeline.

The borrower, a professional real estate investor, planned a full rehab covering both the exterior and interior. First, the project includes a new roof, fresh siding paint, a sealed driveway, and updated landscaping. From there, interior work covers new LVP floors throughout, replaced kitchen cabinets and counters, and new appliances. Both bathrooms also receive new vanities. Furthermore, the scope includes fresh paint on all ceilings and walls, new fans, updated light fixtures, and new wall plates. Finally, finish carpentry, sheetrock, and electrical work round out the project.

Thomasville sits in North Carolina’s Piedmont Triad region along Interstate 85, between High Point and Lexington. As a result, the area benefits from strong demand, with home values rising well above national averages over the past decade. Moreover, updated homes in this market continue to attract steady buyer interest. Consequently, this rehab places the property well for resale.

Overall, this deal shows how American Heritage Lending supports professional investors with high-leverage funding. Specifically, 93% LTC allows the borrower to take on a full-scope rehab while keeping upfront costs low. As a result, the investor can maintain cash available for other deals across their portfolio.