Recently Funded Fix And Flip Loan In Spring, Texas
Loan Scenario:
American Heritage Lending funded a $153,000 fix-and-flip purchase loan on a detached PUD in Spring, Texas, giving a first-time investor the capital to acquire and renovate a home in Houston’s fast-growing northern suburbs. The property carried an as-is value of $150,000, and the project pencils to a $230,000 after-repair value. Specifically, a $45,000 rehab budget funds the work, and AHL structured the deal at 85% loan-to-cost and 66.52% loan-to-ARV, keeping leverage grounded in the finished value. The loan closed on a 12-month interest-only term, which keeps carrying costs light while the renovation runs. Because this is a first project, the interest-only structure gives a newer operator room to focus on the rehab instead of a heavy monthly payment.
The scope of work is a full cosmetic-plus reposition. First, the crew handles demo. Then the kitchen is renovated with new cabinets, appliances, added outlets, and improved lighting. Next, the bathrooms get new toilets, tubs, vanities, sinks, and mirrors with repaired water connections, and the bedrooms receive new windows, frames, outlets, and lighting. From there, a permitted garage conversion turns the space into a master bedroom, and the exterior gets new gutters and any needed roof repair. Finally, interior paint and flooring, new doors and frames, and a miscellaneous contingency close out the project.
Spring sits in Harris and Montgomery counties just north of Houston, anchored by ExxonMobil’s sprawling corporate campus at Springwoods Village and neighboring Hewlett Packard Enterprise operations, with The Woodlands’ master-planned employment base a short drive north. That concentration of energy and technology jobs draws a steady stream of relocating professionals, keeping both buyer and renter demand strong. Affordability relative to inner-loop Houston adds to the appeal.
Overall, this deal shows how American Heritage Lending backs investors with practical high-leverage financing. Measured leverage against a solid ARV and a light interest-only term give the borrower room to finish the work and exit into a deep suburban market.
Similar Recently Funded Case Studies: Fix & Flip Loan in San Antonio, TX • Fix & Flip Loan in Tyler, TX • Fix & Flip Loan in Austin, TX
Key Deal Points
| Address | Spring, TX |
| Loan Type | Fix and Flip – Purchase |
| Borrower Profile | No Experience |
| Property Type | Detached PUD |
| Appraised Value | $150,000 |
| Rehab Budget | $45,000 |
| After Repair Value | $230,000 |
| Loan Amount | $153,000 |
| LTC | 85.00% |
| LTARV | 66.52% |
| Term | 12-Month Interest-Only |
Additional Images
