Recently Funded Fix & Flip Loan In Philadelphia, PA

Loan Scenario:

This fix and flip project covers a single-family home in Philadelphia, Pennsylvania. Notably, the professional investor purchased the property for $140,000. Additionally, the rehab budget totals $90,000. As a result, American Heritage Lending provided $207,000 in funding. Furthermore, the loan is structured as a True Zero Point Loan with a 12-month interest-only term. Consequently, the loan carries a 90% Loan-to-Cost (LTC) and a 66.77% Loan-to-After Repair Value (LTARV). Moreover, the property targets an After Repair Value (ARV) of $310,000.

First, the project includes a full kitchen upgrade with new cabinets, counters, and appliances. Then, the team will update the bathrooms with new vanities, toilets, and tile surrounds. Additionally, the scope adds a half bath on the first floor and a master bath on the third floor. Next, all interior doors, hinges, and knobs will be replaced. Furthermore, an electric fireplace creates a focal point in the main living room. Also, new LVP flooring, recessed lights, outlets, and switches round out the interior refresh. Finally, new baseboard trims, window trims, and an upgraded staircase with baluster and rail complete the project.

Particularly, Philadelphia continues to draw strong investor activity in areas seeing active renewal. Specifically, North Philadelphia benefits from outside investment near major transit and commercial corridors. In addition, the city remains affordable compared to other major Northeast markets. Consequently, fully updated homes in this corridor stay well placed for strong buyer interest.

Overall, this deal shows how American Heritage Lending supports professional investors with high-leverage fix and flip funding. Notably, the 90% LTC paired with a True Zero Point Loan allows the borrower to take on a deep rehab while keeping upfront costs low. As a result, the investor can focus on execution without tying up extra cash at closing.