Loan Scenario:

When an experienced investor brought us a single-family detached property in Fremont with seven completed projects already behind them, the numbers told a clean value-add story: a modest purchase basis paired with a lender-funded rehab holdback that would carry the home from its as-is condition to a target after-repair value more than double the acquisition price. American Heritage Lending structured a 12-month interest-only fix and flip loan that funded the purchase and set aside the full rehab budget in a draw-based holdback, keeping the borrower’s out-of-pocket capital lean while leverage stayed comfortably inside our guidelines on both a cost and after-repair basis.

The scope of work was the kind of disciplined, cosmetic-forward renovation seasoned flippers love: new exterior and storm doors, reset gutters, fresh landscaping and drainage regrading, power-washed siding and deck, plus a full kitchen refresh with new countertops, backsplash, sink and faucet, an appliance package, and the removal of dated, uneven floor tile. There were no structural surprises hiding in the plan, which meant the borrower could move quickly through the punch list and toward a for-sale listing.

Fremont sits in Sandusky County along the Sandusky River, a walkable Northwest Ohio county seat where affordable entry prices and steady owner-occupant demand make renovated single-family homes an easy sell. For an investor executing a sell-property exit, that combination of low acquisition cost and a healthy resale ceiling is exactly the spread that makes a project pencil.

Because the borrower’s track record was already established, we were able to size the deal to their experience tier and close without friction. If you are an Ohio investor with a similar project in mind, American Heritage Lending offers Ohio hard money built for speed and certainty of execution—start your financing today.

Similar Recently Funded Case Studies: Fix & Flip Loan in Canton, OH  •  Fix & Flip Loan in Pleasant Hill, OH  •  Fix & Flip Loan in Columbus, OH

Additional Images