Recently Funded Fix & Flip Loan In Powell, Ohio

Loan Scenario:

This fix and flip loan supports a luxury single-family project in Powell, Ohio. To start, the professional investor acquired the home for $1,060,000 and set a $218,150 rehab budget. In addition, American Heritage Lending provided $1,141,000 in financing. As a result, the loan carries an 89.27% Loan-to-Cost (LTC) and a 70% Loan-to-After Repair Value (LTARV). Notably, AHL set up the loan as a True Zero Point Loan. Also, the 12-month interest-only term includes no closing costs. Once finished, the property should reach an After Repair Value of $1,630,000.

The borrower is a professional real estate investor. As such, the project covers a full renovation. First, the work begins with select interior and exterior demo. Then, framing, roof framing, and drywall reset the structure. Next, plumbing and electrical updates bring the systems current. From there, the kitchen gets new cabinets, counters, and appliances. Also, all bathrooms get tile and plumbing upgrades. In addition, new LVP flooring and carpet cover the living areas. Finally, fresh paint, gutters, downspouts, and a new mudroom and pantry round out the scope.

Powell continues to draw strong demand in central Ohio’s luxury home segment. In fact, homes above one million dollars form a steady share of the market. Also, top Olentangy schools and easy access to Columbus support buyer interest. As a result, well-updated homes in this range often find motivated buyers.

Overall, this deal shows how AHL backs professional investors on high-value projects. For example, the True Zero Point structure removes upfront costs from the closing table. As a result, the borrower keeps more cash on hand for the renovation. Also, the 89.27% LTC delivers high leverage while the 70% LTARV keeps the loan grounded in value.