Recently Funded Fix and Flip Loan in Chester, VA 

Loan Scenario:

This project features a fix and flip loan for a single-family home in Chester, Virginia. The investor purchased the property for $213,000 with a renovation budget of $12,210. A total loan of $202,689 was secured through American Heritage Lending, resulting in a Loan-to-Cost (LTC) of 90.00% and a Loan-to-After Repair Value (LTARV) of 56.30%. Once renovations are complete, the home is projected to reach an After Repair Value (ARV) of $360,000.

The renovation focused on making high-impact improvements while keeping the scope efficient. The front of the home and driveway received a full power wash to restore curb appeal, while the back porch and interior were refreshed with all-new paint. Inside, the investor completed a full remodel of the kitchen and bathroom, including new appliances, updated flooring, fresh paint, and upgraded hardware—creating a clean, modern feel that will appeal to today’s buyers.

Located just outside Richmond, Chester’s real estate market continues to see steady demand for updated, move-in-ready homes. Properties in this price range with modern finishes tend to attract strong buyer interest, particularly from those looking to avoid the work of a renovation.

This deal is another example of how American Heritage Lending helps experienced investors move quickly with efficient, purpose-driven financing—allowing them to focus on improvements that drive resale value and deliver results in competitive suburban markets.