Recently Funded Fix & Flip Loan In Austin, Texas

Loan Scenario:

This fix and flip loan supports a single-family home in Austin, Texas. Specifically, a professional investor bought the property for $900,000. Then the investor set a rehab budget of $211,000. American Heritage Lending funded $1,050,000 for the deal. As a result, the loan carries a Loan-to-Cost (LTC) of 94.51% and a Loan-to-After Repair Value (LTARV) of 75.00%. Notably, the home is set to reach an After Repair Value of $1,400,000. Also, AHL structured the loan as a 12-month interest-only term.

First, the project starts with demo work and a new foundation. Then crews handle rough framing, roofing, and a new roof. Next, the team installs new windows, doors, plumbing, electrical, and AC. From there, the work moves to insulation, drywall, and fresh paint. Also, the build adds new hardwood floors, tile, and a full kitchen with cabinets and counters. Furthermore, the scope covers new fixtures, appliances, and siding. Finally, the team finishes the pool remodel and new landscaping.

Austin continues to draw strong buyer interest as the market resets. Specifically, prices have settled after the earlier peak, and supply now sits in balanced range. Moreover, steady job growth and big employer moves keep long-term demand firm. As a result, updated move-in-ready homes remain well placed for resale.

Overall, this deal shows how AHL backs professional investors with high-leverage funding. Specifically, the 94.51% LTC keeps upfront costs low while the 75% LTARV stays controlled. As a result, the investor can take on a full-scale remodel and keep more cash free. Furthermore, the 12-month interest-only term gives room to focus on the build.