Loan Scenario:

American Heritage Lending funded an $85,000 fix and flip loan on a single-family detached home in Toledo, Ohio, for an investor with limited but relevant experience — one prior REO and similar like-kind projects. This was a heavier value-add play: the property was acquired at an as-is value of $55,000 with a $45,000 rehab budget carrying it to a $125,000 after-repair value. Specifically, the scope was a near-gut, including a full clean-out, kitchen demolition and rebuild with new cabinets, countertops and appliances, new flooring throughout, a rebuilt bathroom, new windows, front-porch masonry repair, and a complete interior repaint. Notably, the loan was structured as a True Zero Point Loan on a 12-month interest-only term. The financing closed at 85.00% loan-to-cost and a well-protected 68.00% loan-to-after-repair-value.

Toledo remains one of the Midwest’s most affordable investment markets, where low acquisition costs let investors force meaningful value through renovation without the capital exposure of coastal metros. The city’s stable rental base and steady owner-occupant demand at the entry level make it a favorite for both flip and hold strategies. Because the borrower intends to refinance rather than sell, the renovated home is positioned to become a long-term cash-flowing rental once stabilized. As a result, this Ohio project pairs a modest loan amount with a wide margin of safety.

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

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