Loan Scenario:

American Heritage Lending funded a $138,750 Fix and Flip purchase loan on a single-family detached home in Killeen, Texas, backing a seasoned professional on an acquire-and-renovate project. The home carried an as-is value of $126,000 and an after-repair value of $185,000, with a rehab budget of $25,350. So the loan closed at 91.67% loan-to-cost and 75% loan-to-after-repair-value on a 12-Month Interest-Only term. That interest-only structure holds monthly carry down so the borrower can put working capital toward the rehab and turn the property efficiently.

The scope of work runs from the outside in. First the crew power-washes and stains the fence, then replaces or secures broken pickets. Next comes exterior paint and wood-rot repair, removal of the metal window guards, and a roofing tune-up. From there attention moves indoors: interior paint across walls, ceilings, doors, and cabinets, plus sheetrock in the rear rooms hung, taped, floated, and textured. Then a ceiling fan goes in, the tubs are re-finished, and new countertops are set. Finally, luxury vinyl plank runs through the bedrooms and common living areas, with a contingency held back for surprises.

Killeen sits in Bell County in Central Texas alongside Fort Cavazos, formerly Fort Hood, one of the largest military installations in the country and by far the region’s dominant employer. The constant cycle of soldiers arriving and departing on PCS orders creates dependable turnover for both renters and buyers, and military housing allowances put a reliable floor under local demand. Moreover, Killeen’s affordability relative to Austin, roughly an hour south, keeps drawing value-focused buyers into renovated homes. That combination of a major military anchor and low pricing keeps updated single-family homes moving.

Overall, this deal shows how American Heritage Lending backs professional builders with practical high-leverage financing. Cost-based leverage, an interest-only term, and a clear scope give the investor room to renovate and sell into a market underpinned by a steady military economy.

Similar Recently Funded Case Studies: Fix & Flip Loan in Tyler, TX  •  Fix & Flip Loan in San Antonio, TX  •  Fix & Flip Loan in Brookhaven, PA

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