Recently Funded Fix & Flip Loan In Fairborn, Ohio

Loan Scenario:

This fix and flip loan supports a detached 2-unit property in Fairborn, Ohio. Here, the professional investor bought the home for $70,000 and set aside a $30,000 rehab budget. The project targets an After Repair Value of $150,000. Also, American Heritage Lending set up the loan as a True Zero Point Loan at $93,000. In turn, the deal shows a 93% Loan-to-Cost (LTC) and a 62% Loan-to-After Repair Value (LTARV). Then, the 12-month interest-only term gives the borrower room during the build.

First, the project begins with demolition and exterior siding work. Then, the crew repaints the exterior to refresh curb appeal. Next, new flooring goes in across both units. Also, the team remodels one unit’s kitchen with updated finishes. Plus, both bathrooms get a full refresh. From there, the crew updates the electrical system. Finally, the build adds one mini split per unit for HVAC.

Fairborn sits near Wright-Patterson Air Force Base and Wright State University. So, the city draws steady buyer demand from military families, students, and professionals. Also, updated homes in Fairborn stand out in a market where move-in-ready supply stays tight. In turn, this rehab aligns with local market conditions.

Overall, this deal shows how American Heritage Lending backs professional investors with high-leverage financing. Also, the True Zero Point Loan structure keeps upfront costs low. So, the borrower saves cash for future deals. Plus, the 12-month interest-only term matches the rehab timeline.